Ambani had hoped to avoid insolvency proceedings by offloading his company's telecom tower and spectrum business to his brother's business Reliance Jio for $2.4 billion, but the deal hit regulatory hurdles and opposition from creditors. Reliance Communications faces liquidation if it is unable to pay back its debts by November. The Ambani brothers engaged in a bitter feud for control of Reliance Industries after their rags-to-riches father Dhirubhai Ambani died in 2002 without a will. The pair ended up splitting the Reliance group, which was India's most valuable listed company.