Paytm Takes Anil Ambani’s Reliance Telecom To Court To Recover Dues Of Rs. 20 Crore
Anil Ambani had once profited from Paytm’s rise — in 2017, he’d sold a 1% stake in the startup at a gain of 2650 percent. Now he’s being taken to court by the same company. Paytm is taking Reliance Telecom to insolvency court to recover dues of Rs. 20 crore. One97 Communications, Paytm’s parent company, has moved to the National Company Law Tribunal (NCLT) to get the Anil Ambani-led entity to pay up the Rs. 20 crore that it owes to its payments arm. Reliance...
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