Ambani vs Adani:

Reliance Infrastructure Limited said that it has filed a complaint against Adani Transmission, an Adani Group company.

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Reliance has filed a claim in connection with the deal to sell its Mumbai electricity distribution business to Adani.

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Reliance Infrastructure has filed an arbitration claim for a settlement of Rs 134 billion ($1.7 billion).

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According to a stock exchange filing, Reliance cited a breach in the terms of the agreement on Adani Transmission Limited.

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There is no response from the Adani group on this whole matter yet. Investors are waiting for Adani Group's statement.

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Anil Ambani's company sold its energy business in the city to Adani Transmission to pay off its debt.

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Let us tell you that in 2017, the Adani Group acquired the Mumbai power business in a deal worth Rs 18,800 crore.

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The Mumbai International Arbitration Center has been established for joint initiatives between the business and legal communities.

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