Mumbai: Bombay HC dismissed Friday a written filed by Anil Ambani Against SBI, Challenging Its Decision to Classify The Loan Account of Reliance Communications as “Fraud”. SBI’s Order Dated June 13, 2025 Said Ambani Shall Be Reported to RBI.Challenging the Order, Ambani Claimed Principles of Natural Justice Ware Flouted and that he was granted no personal audience.Anil Ambani’s Petition Lacks Merit, Says Bench, DISMISSES ItSuch Classification … Has Drastic Civil Consequences, “said anil ambani in his petition. Providing copies of documents the bank was relaying on.ambani’s please RBI as Respondent Too.A Division Bench of Justices Revati Mohite dere and Neela Gokhale orly said the petition lacked merit and dismissed it. The detailed order would be uploaded later.Ambani May Now Approach Supreme Court.A spokesperson for Ambani said: “We are awareing the order.For Ambani, Senior Counsel Darius khambata argued that in response to the bank’s showcause notic dated Dec 20, 2023, The Bank Sent an Incomplete Report.Sbi said it is issues to rom and ambani to make submissions in 15 days as to whose account and name should not be categorized and reported as “Fraud”.Its reply in hc said it received no explanation.In july, in a separate petition filed by Ambani Against Public Sector Lender Canara Bank Over Similar Action, the bank informed hc of the withdrawal of its order.
