Will Reliance industries go bankrupt?

In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt. It has an estimated debt of ₹50,000 crore against assets worth ₹18,000 crore….Reliance Communications.

Can Ambani go bankrupt?

The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed the initiation of insolvency proceedings against Anil Ambani after two companies promoted by him failed to pay dues on Rs 1,200 crore that they had borrowed from State Bank of India (SBI).

Is Sintex Industries bankrupt?

The Gujarat-based textile company was admitted into the insolvency process by the Ahmedabad bench of the National Company Law Tribunal in April this year at the behest of Invesco Asset Management (India) Pvt Ltd over a ₹15.4 crore default in payment of principal and interest of non-convertible bonds in September 2019.

Who is bigger Anil Ambani or Mukesh Ambani?

​Anil Ambani was once richer than Mukesh Ambani For a brief period in 2006, a year after the Ambani brothers split their wealth, Anil Ambani’s net worth was higher than that of big brother Mukesh by about Rs 500 crore. However, Mukesh soon overtook his brother.

Is sintex Indian company?

Sintex group, formerly known as The Bharat Vijay Mills Ltd and Sintex Industries Ltd, is the world’s largest producer of plastic water tanks and Asia’s largest manufacturer of corduroy fabrics….Sintex.