Anil Ambani gotten yet another hit as the shipyard under Reliance Naval & Engineering is to be declared for bankruptcy. Then Indian Tycoon is now under Rs. 7000 crore in debt. He failed to get certain amount of loan to be approved by the IDBI bank to restructure the Shipyard. India’s Tribunal of Bankruptcy might be putting their foot down regarding this matter. Anil Ambani maybe planning to sell some of his assets to fill the gaping hole of an debt excluding the Reliance Communication Ltd. Recovering the shipyard is important as PM might be bringing the warfare weaponry projects to the home ground.