{"id":31907,"date":"2019-02-05T13:22:25","date_gmt":"2019-02-05T13:22:25","guid":{"rendered":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=31907"},"modified":"2019-02-05T13:22:25","modified_gmt":"2019-02-05T13:22:25","slug":"sibling-fight-sends-billionaire-to-bankruptcy-court","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=31907","title":{"rendered":"Sibling fight sends billionaire to bankruptcy court"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">New Delhi  (CNN Business)<\/cite>One of India&#8217;s richest men has turned to a bankruptcy court for help as he battles to save his company after losing a brutal price war with his older brother. <\/p>\n<div class=\"zn-body__paragraph speakable\">Anil Ambani&#8217;s wireless telecom business, Reliance Communications, announced Sunday it was asking India&#8217;s National Companies Law Tribunal to help sell its assets and settle billions in debts. Shares in the company plunged more than 50% in Mumbai on Monday, but recovered some losses later in the day to close 35% lower.<\/div>\n<div class=\"zn-body__paragraph speakable\">The company, which owes around $7 billion, is seeking to resolve its &#8220;substantial and unsustainable debt and liabilities&#8221; through the court, it said in a statement. <\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (CNN Business)One of India&#8217;s richest men has turned to a bankruptcy court for help as he battles to save his company after losing a brutal price war with his older brother. Anil Ambani&#8217;s wireless telecom business, Reliance Communications, announced Sunday it was asking India&#8217;s National Companies Law Tribunal to help sell its assets&hellip;<\/p>\n","protected":false},"author":10,"featured_media":31908,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-31907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/31907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31907"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/31907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/31908"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}