HC Stays Action by 3 Banks Against Anil Ambani, Reliance Communications
In a significant legal development, the High Court has stayed actions initiated by three major banks against Anil Ambani and Reliance Communications (RCom), providing temporary relief to the embattled industrialist and his telecom company. The decision comes amid ongoing disputes over loan defaults, debt restructuring, and the broader financial challenges faced by the Reliance Communications…