The Securities and Exchange Board of India (SEBI) has penalized the Ambani brothers – Anil and Mukesh Ambani, their spouses, and some other individuals Rs25 crore, Live Law reported on Wednesday. The Ambani family and others were penalized for irregularities relating to the issue of 12 crore equity shares in January 2000 by Reliance Industries Ltd...

The Supreme Court on Thursday dismissed a petition filed by State Bank of India (SBI) against the stay granted by the Delhi High Court on personal insolvency and bankruptcy proceedings against Anil Ambani. The rejection of the plea means a temporary breather for Anil Ambani, whose companies have defaulted on bank loans. The top court...