Reliance Group had filed the suits in the Ahmedabad City Civil and Sessions Court in 2018, demanding Rs 5,000 crore in damages for causing “considerable damage” to the reputation of the plaintiff firms.
"The Congress Party has today once again resorted to blatant lies and distorted facts to mount an unwarranted campaign of calumny and falsehoods against the Reliance Group and its Chairman Anil Ambani personally," the company said in a statement.
Of the creditors that have moved court, at least 11 firms have settled or are in the process of settling the dispute with Anil Ambani’s firms through NCLT. The disputes of the remaining 13 firms with RCom and Reliance Telecom are yet to be resolved.
Reliance will be participating in the offset program through Dassault Reliance Aerospace Ltd (DRAL) in which Dassault holds a 49 per cent stake bringing in its 90 years of aerospace manufacturing experience, making it the "most qualified vendor".
Anil Ambani said Reliance MF has grown from an AUM (assets under management) of under Rs 60 crore in 1995 and Rs 2,200 crore in 2002 to Rs 2.25 trillion now, which is an over 100 times of growth, while the total AUM of the AMC (asset management company) currently is Rs 3.58 trillion.