By Admin 
Anil ambani: Anil Ambani’s difficulties are constantly increasing. After State Bank of India (SBI) and Bank of India (BOI), now Bank of Baroda (BOB) has described Reliance Communications (RCom) and Anil Ambani’s account as fraud. It has already increased the problem for the company passing through the insolvency process.
Anil Ambani refuses allegations
In the information given to the exchange on Thursday, the company said that Bank of Baroda has called Reliance Communications Limited (RCom) and its first director Anil Ambani’s loan account as fraud. Anil Ambani has categorically denied these allegations against him. At the same time, he has also talked about taking legal advice and taking necessary steps in the coming time.
He resigned from the RCom Board in 2019 after assuming the responsibility of the company’s non-executive director since 2006. Anil Ambani also claims that he has no role in the company’s daily functioning. In one of his official statement, he has spoken of targeting him.
He said, everyone knows that RCom has a consortium of 14 banks. After spending more time for 10 years without any mistake, some banks have now decided to initiate proceedings to target them.
Company is already facing trouble
Let us know that RCom is passing through the Corporate Insolvency Resolution Process (CIRP) these days under the Insolvency and Bankruptcy Code, 2016. The committee of credors has given approval to the plan of its resolution. The case has been filed in the National Company Law Tribunal (NCLT) in Mumbai and the approval is still awaited. Earlier in the months of June and August, State Bank of India and Bank of India described RCom’s loan account as fraud.
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After SBI, now Bank of India has considered Anil Ambani’s loan account as fraud, RCom is related to RCom