Reliance Naval is facing the prospect of bankruptcy after failing to get creditors’ approval for restructuring $970 million of debt.
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Reputation: 1,382 • Sep 3, 2019 6:40 PM
Anil Ambani’s Shipyard Risks Insolvency as Banks Spurn Debt Plan
Any court ruling favoring the banks would deal another blow to Anil Ambani’s stressed empire.
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