Insolvency Miracle: 2,983 Crore Claims Settled for 26 Crore, only for Anil Ambani
₹2,983 crore in claims against Anil Dhirubhai Ambani Group (ADAG) companies… settled for just ₹26 crore in IBC proceedings?
The Supreme Court itself has flagged this, citing an ED report on y wiped out via ‘Project Help’ through unrelated lenders and 8 NBFCs. Claims of thousands of crores extinguished for pennies while banks and the public bear the losses.
This isn’t just one case — it raises serious questions about how the Insolvency and Bankruptcy Code is being used.
Taxpayers and genuine creditors lose big when massive corporate debts vanish overnight.
Supreme Court has now ordered a time-bound probe. Full investigation needed.
No one should be above the law, regardless of their friendships with the PM.
₹2,983 Cr to ₹26 Cr: How Modi’s friend Anil Ambani’s Debts Disappear.
Project Help: Turning Thousands of Crores into Pennies.
#AnilAmbani
#ADAG #IBC #SupremeCourt #CorporateAccountability