SC rejects SBI plea to vacate stay on invoking Anil Ambani’s personal guarantees

The Supreme Court on Thursday dismissed State Bank of India’s (SBI’s) plea seeking the vacation of a stay granted by the Delhi High Court on bankruptcy proceedings against Reliance Communications (RCom) Chairman Anil Ambani.

Ambani had earlier objected to the SBI invoking personal guarantees under the Corporate Debtors Regulations, 2019.