MUMBAI -- An Indian court-appointed administrator is preparing one of the biggest fire sales the country's financial sector has seen, after being handed control of former billionaire Anil Ambani's Reliance Capital in the wake of default on its 268 billion rupee ($3.54 billion) debts.

Business Spotlight
Anil Ambani's financial empire goes under the hammer
Reliance Capital creditors hope court administrator has more luck selling assets