NCLT Mumbai allows insolvency proceedings against Anil Ambani The National Company Law Tribunal, Mumbai has allowed the application filed by State Bank of India to initiate insolvency proceedings against Reliance Communications Chairman Mr. Anil Ambani with respect to personal guarantee to the extent of Rs.1200 Crores. https://www.reddyandreddy.org/nclt-mumbai-allows-insolvency-proceedings-against-anil-ambani/ Reddy & Reddy law firm Pune comprises of a well experienced and diligent team of advocates specialised in handling matters related to Insolvency and Bankruptcy laws. In times of COVID-19 we provide online consultations as well as appear through virtual court proccedings on behalf of our clients.