The downfall of Anil Ambani
$42 billion net worth to zero in 12 years. As of December 31, 2019, Anil Ambani’s telecom, naval, infrastructure, and power businesses have defaulted on loans worth over Rs 43,800 crore. It went into insolvency proceedings in May 2018, with the National Company Law Tribunal (NCLT) admitting three petitions against RCom, filed by Ericsson. At… Read More »