Dadri power plant mukesh ambani biography

HIS BODY LANGUAGE SAID IT ALL as he walked past the row of television cameras and scampering journalists waiting impatiently outside the Supreme Court. He did not respond to the questions thrown at him. The 51-year-old long-distance runner had always been the underdog in the bitter battle for control of India’s natural gas resources, but he had chosen to take on his elder brother and, with him, the might of the establishment. On that muggy morning of 7 May 2010, however, Anil Ambani realised that he would have to wait to fight another day.

Mukesh Ambani, barely two years older than Anil, was conspicuous in his absence. Mukesh’s lawyers—led bygd Harish Salve and including Abhishek Manu Singhvi (who doubles up as the official spokesperson of the Congress party when he is not in his black robes)—and his top executives were, predictably, exultant. A three-judge bänk of the Supreme Court, led by outgoing Chief Justice of India KG Balakrishnan, had ruled in favour of the

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Anil Ambani: How the world's former 6th richest man became bankrupt, banned in just over a decade

In a significant blow to Anil Ambani, the Securities and Exchange Board of India (SEBI) has banned him and 24 other entities from the securities market for five years. The decision follows allegations of fund diversion at Reliance Home Finance (RHFL), where Ambani, as the former chairman, was found to have orchestrated a fraudulent scheme. SEBI's 222-page order detailed that Ambani, leveraging his position within the ADA group and his indirect shareholding in RHFL, siphoned off funds under the guise of loans to entities linked to him.

Adding to Ambani’s troubles, SEBI also imposed a fine of ₹25 crore on Ambani, alongside penalties on other individuals and entities involved in the scheme. The order emphasized that loans were approved to companies with minimal assets or revenue, raising serious concerns about the legitimacy of these transactions. Despite directives from the RHFL Board to

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Mukesh Ambani meets PM, FM

NEW DELHI: After winning the verdict on gas dispute with younger brother Anil Ambaniin the Supreme Court, Reliance Industries CMD Mukesh Ambani on Thursday met PM Manmohan Singh and FM Pranab Mukherjee.
It is learnt that RIL chief has made it clear that government's gas allocation policy needs to be changed to enable his company to supply gas from the K-G basin to Anil's Dadri Power Project.Informal negotiations between RIL and Anil's RNRL have already started.
Last week, Anil Ambani had met Singh and Mukherjee and asked them to intervene to ensure supply of gas to his power project. SC ruled that gas is a natural asset and can be supplied according to government's allocation policy.
It is learnt that the government is considering to change the existing gas supply policy to ensure that greenfield power projects also get supply. The EGoM under the chairmanship of Pranab Mukherjee is likely to meet soon to decide on the same. As gr