NCLAT refuses release of Rs 260 crore to Anil Ambani to clear Ericsson dues

NCLAT refuses release of Rs 260 crore to Anil Ambani to clear Ericsson dues

Adding to the woes of Anil Ambani, the National Company Law Appellate Tribunal (NCLAT) has refused to direct the State Bank of India (SBI) to release income tax refund of Rs 260 crore from a Trust and Retention Account, to enable him to clear dues owed to Ericsson.

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