Anil Ambani loan fraud plea: Bombay HC dismisses petition; SBI action stands

MUMBAI: Bombay HC dismissed Friday a writ petition filed by Anil Ambani against SBI, challenging its determination to classify the indebtedness relationship of Reliance Communications arsenic “fraud”. SBI’s bid dated June 13, 2025 said Ambani shall beryllium reported to RBI.Challenging the order, Ambani claimed principles of earthy justness were flouted and that helium was granted nary idiosyncratic audience.Anil Ambani’s petition lacks merit, says bench, dismisses itSuch classification... has drastic civilian consequences,” said Anil Ambani successful his petition. He said that SBI’s enactment was arbitrary and successful usurpation of each known canons of fairness and transparency by not providing copies of documents the slope was relying on.Ambani’s plea named RBI arsenic responsive too.A part seat of justices Revati Mohite Dere and Neela Gokhale orally said the petition lacked merit and dismissed it. The elaborate bid would beryllium uploaded later.Ambani whitethorn present attack Supreme Court.A spokesperson for Ambani said: “We are awaiting the order. Once we person reviewed it, we volition measure the adjacent people of action, arsenic legally advised.”For Ambani, elder counsel Darius Khambata argued that successful effect to the bank’s showcause announcement dated Dec 20, 2023, the slope sent an incomplete report.

SBI said it issued notices to RCom and Ambani to marque submissions successful penning successful 15 days arsenic to wherefore the relationship and sanction should not beryllium categorised and reported arsenic “fraud”.Its reply successful HC said it received nary explanation.In July, successful a abstracted petition filed by Ambani against nationalist assemblage lender Canara Bank implicit akin action, the slope informed HC of the withdrawal of its order.