Mumbai, Aug. 28 -- The Reliance Group in an exchange filing on Friday said that it has noted with "dismay the baseless remarks by Essel Group chairman Shri Subhash Chandra" and said its media brands have "never been used to attack anyone nor will they ever be".

"We strongly deny the allegations and insinuations against the media entities that are a part of the Reliance Group. Our media brands have never been used to attack anyone, nor will they ever be," a Reliance Spokesperson said in the media statement.

"We hold Shri Subhash Chandra in high regard as a businessman and entrepreneur. We wish him well," it added.

Government sources earlier rejected reports suggesting that banks have taken a 99.97 per cent haircut on more than Rs 22,000...