New Delhi: Three Chinese banks have filed a case in London court against Anil Ambani for not paying a loan of $ 680 million (about Rs 47,600 crore). Industrial and Commercial Bank of China Limited (ICBC), China Development Bank and Export-Import Bank of China had loaned Anil Ambani's company Reliance Communications for $ 925.20 million (about Rs 64,750 crore) in 2012. At that time Anil Ambani had said that he gives a personal guarantee of this loan, but after February 2017, the company defaulted in repaying the loan.

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On this matter, Anil Ambani says that he had spoken about giving a personal comfort letter, he had never offered to guarantee personal property. Anil Ambani's lawyer said that ICBC Bank is constantly in Anil Ambani and his company Reliance Communications Kept forgetting not to differentiate.

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Anil Ambani is the chairman of Reliance Communications and his Reliance Group has been going through difficulties for some time. There is a huge debt burden on the group, due to which they are running into trouble. According to a Bloomberg report, as of September, Reliance Group has a debt of $ 13.2 billion (about Rs 93,000 crore). Reliance Communications had to pay Rs 550 crore to Ericsson. After the Supreme Court said, Anil Ambani agreed to pay the debt and his brother Mukesh Ambani helped him in this.

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