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NCLT admits SBI plea for personal insolvency proceedings against Anil Ambani

Posted on June 11, 2026
By Business News Today
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1 min read

NCLT admits SBI plea for personal insolvency proceedings against Anil Ambani

The National Company Law Tribunal (NCLT) has admitted State Bank of India's plea to initiate personal insolvency proceedings against Anil Ambani. SBI seeks to recover over Rs 1,200 crore from Ambani as a personal guarantor for Reliance Communications' loans. The order raises questions about applying insolvency laws retroactively.