UK court orders Anil Ambani to pay $100 mn
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A UK court on Friday directed Reliance Group chairman Anil Ambani to pay $100 million towards a conditional order granted to three Chinese banks pursuing the recovery of over $680 million owed to them as part of a loan agreement. Judge David Waksman set a six-week timeline for the payment and didn't accept Ambani's defence that his net worth was nearly zero.