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Bombay HC dismisses Anil Ambani’s plea against SBI’s ‘fraudulent loan’ tag
The Statesman Kolkata
|October 05, 2025
The Bombay High Court has dismissed a writ petition filed by industrialist Anil Ambani against the State Bank of India’s (SBI) decision to classify his loan accounts as “fraudulent”.
Anil Ambani's plea was directed at SBIs June 2025 order tagging the loan accounts of Reliance Communications (RCom) and its former director, Anil Ambani, as "fraudulent".
Abench comprising Justice Revati Mohite Dere and Justice Neela Gokhale ruled against Anil Ambani on Friday and held that SBI acted as per banking regulator Reserve Bank of India’s (RBI) directions.
The bench rejected Ambanis contention that principles of natural justice were violated.
He argued that SBI denied him a personal audience, failed to share documents relied upon, and acted arbitrarily.
Dit verhaal komt uit de October 05, 2025-editie van The Statesman Kolkata.
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