There cannot be such cut, copy and paste... There has to be some application of mind, says Bombay High Court slamming banks for passing orders declaring accounts as ‘defaulter’ or ‘fraud’
The company earlier failed to pay penalties in a case pertaining to illegal diversion of funds. SEBI issued the demand notice after Reliance Big Entertainment failed to pay the Rs 25 crore fine imposed by the regulator in August this year
The Wire has reported that phone numbers that have been used by Anil Ambani and one other official of the Reliance Anil Dhirubhai Ambani Group (ADAG) were added to the leaked list that was analysed by media partners.
The Reliance Group has the largest family of retail shareholders in India, with around 33 lakh retail shareholders in Reliance Power, 9 lakh in Reliance Infrastructure and 8 lakh in Reliance Capital.