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The year India's tycoons faced bankruptcies, jail - and even death

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Anil Ambani (left) had a close shave with jail time in March before his brother Mukesh bailed him out; media mogul Subhash Chandra (right) resigned as chairman of ZEE in November.

Mumbai

FOR many Indian tycoons, 2019 turned woeful as lenders - empowered by the nation's recent bankruptcy law and desperate to clean up soured debt from their books - started seizing assets of delinquent firms or dragged them into insolvency.

Indian banks wrote off a record US$39...