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Anil Ambani Ordered to Pay $100 Million Deposit in Loan Fight

Anil Ambani Ordered to Pay $100 Million Deposit in Loan Fight

Jonathan Browning

(Bloomberg) -- The former billionaire Anil Ambani was ordered to pay $100 million within six weeks as a deposit in a lawsuit in which three Chinese banks are seeking hundreds of millions of dollars in defaulted loans.

  • Judge David Waksman made the order Friday in London.
  • Lawyers for Ambani said earlier that he didn’t have the funds to pay the deposit

©2020 Bloomberg L.P.

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