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Canara Bank withdraws order classifying Anil Ambani-led RCom loan as fraudulent

The New Indian Express Tirupati

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July 11, 2025

STATE-RUN lender Canara Bank has informed the Bombay High Court that it has withdrawn its order classifying its loan to the crippled Anil Ambani-promoted telecom company as fraudulent.

- BENN KOCHUVEEDAN @ Mumbai

Following this disclosure, a bench of justices Revati Mohite Dere and Neela Gokhale on Thursday disposed of the petition filed by Ambani challenging the bank's order issued last year, saying "nothing survives in it now," and asked the bank to inform "the withdrawal order to the Reserve Bank," a PTI report quoting the judge said on Thursday. In September 2024, Canara Bank became the first lender to classify the RCom account, which has been in NCLT since 2019 and

FLERE HISTORIER FRA The New Indian Express Tirupati

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