Topic: Anil Ambani SBI fraud classification

THE BOMBAY HIGH COURT REJECTS AMBANI’S CHALLENGE TOSBI’S FRAUD CLASSIFICATION 

Prachi Barot Renaissance University Indore Editor : Harsh Kashyap The High court of Bombay has upheld Industrialist Anil Ambani’s challenge to the fraud classification by the State Bank of India ( SBI )’s order dated June 13, 2025, classifying the loan account of the Reliance Communications Ltd. ( RCom) and Mr. Anil Ambani's as fraud, as per the RBI’s fraud risk management rules. The challenge was dismissed by the Bombay High court on the ground of lacking merit in October, 2025, and as no...