Business
Woes Continue: Bombay High Court Says No Merit Anil Ambani’s Plea, Backs SBI Order
A division bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order.
File Picture (ANI/X)
The Bombay high court has upheld a decision by the State Bank of India (SBI) to classify accounts of industrialist Anil Ambani and his company, Reliance Communications (RCom), as “fraudulent” noting that there was no legal flaw in it.
A division bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order.
In the judgement made public the court ruled that the SBI’s order of June 13, 2025, was “a reasoned order” with “no infirmity”.
The court found “no merit” in Ambani’s plea, asserting there was no “infirmity” in the bank’s action.
The industrialist’s primary contention was that the SBI order was void because he was denied a personal hearing and was not allowed to access the relevant documents.
The bench said that Ambani had never requested a personal hearing in the first place, thus validating the SBI’s adherence to regulatory requirements.