Discover and read the best of Twitter Threads about #ResolutionPlan
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.@RahulGandhi&mainstream media kept spewing lies about how #AnilAmbani was favoured,in #Rafale deal,but today when PSB #SBI has dragged Anil's #RComm,to #NCLT in a 1200Cr loan default, @INCIndia&its media cronies are quiet--This should have been mainstream news
#RCommBankruptcy
#RCommBankruptcy
Loans of Rs 565Cr&635Cr were given to #RComm&RTIL in Aug 2016 by SBI
In Sep2016,#AnilAmbani provided personal guarantee for availing credit facility
In 2017,accounts of #RComm &RITL were held to be in default, since Aug2016.
In Jan2018,#SBI invoked guarantee issued by Anil
In Sep2016,#AnilAmbani provided personal guarantee for availing credit facility
In 2017,accounts of #RComm &RITL were held to be in default, since Aug2016.
In Jan2018,#SBI invoked guarantee issued by Anil
"Sec 60(2) of #IBC provides for proceedings against personal guarantors,running parallel to #CIRP;False to assume,no action can be taken against guarantors until #ResolutionPlan is accepted,"said NCLT
Clearly,IBC,by @narendramodi gov is a powerful tool to nail wilful defaulters
Clearly,IBC,by @narendramodi gov is a powerful tool to nail wilful defaulters
