Subhash Chandra Accuses Ambani of Misinformation; RIL Denies
Subhash Chandra, chairman of Essel Group, accused Reliance Industries’ Mukesh Ambani and Reliance-owned TV18 media of running a misinformation campaign, alleging it reported that NCLT reduced his group’s ₹22,000 crore debt to ₹6.5 crore. A Reliance spokesperson denied the “baseless” remarks, saying Ambani-media entities were falsely targeted, and cited ₹45,000 crore debt with ₹43,000 crore repaid through asset sales.