A Division Bench of the Bombay High Court set aside a single judge’s interim order restraining banks and BDO India LLP from acting against Anil Ambani under RBI’s 2024 fraud classification Master Directions, terming the earlier decision perverse and declining stay relief.
The Supreme Court has directed the CBI and Enforcement Directorate to file status reports on ongoing probes into the alleged RCom–Anil Ambani banking fraud, following claims of large-scale fund diversion, delayed action by banks, and regulatory lapses.
