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HC asks Anil Ambani to go to RBI against Union Bank order

Business Standard

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March 01, 2025

The Bombay High Court on Friday raised concerns over the "cut, copy, paste manner" in which banks pass orders declaring accounts as 'defaulter' or 'fraud', and asked industrialist Anil Ambani to approach the Reserve Bank of India (RBI) against an order of the Union Bank of India declaring his loan account as 'fraud'.

- PRESS TRUST OF INDIA

A division bench of Justices Revati Mohite Dere and Neela Gokhale was hearing a petition filed by Anil Ambani challenging the October 10, 2024 order passed by the Union Bank of India. He was not granted any hearing before the order

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