Bombay High Court Halts Bank Action Against Anil Ambani Over ‘Invalid’ Forensic Audit Report

The Bombay High Court has stayed all coercive action by Bank of Baroda, IDBI Bank and Indian Overseas Bank against Anil Ambani. The Court held that the forensic audit relied upon was not signed by a qualified chartered accountant and cannot be the basis for fraud action.

“Constitution Is Supreme”: Section 35 of SARFAESI Cannot Override Constitutional Provisions, Says Supreme Court

The Supreme Court ruled that Section 35 of the SARFAESI Act cannot override any provision of the Constitution, including special protections under Article 371A for Nagaland. The Court held that SARFAESI action taken before the Act’s adoption in Nagaland was without jurisdiction and legally invalid.

Banking Laws (Amendment) Act 2025 Takes Effect August 1: Key Changes to Capital, Governance & Auditor Rules | Explained

The Banking Laws (Amendment) Act, 2025, comes into effect on August 1, bringing key changes to bank capital norms, governance, and auditor rules. Here’s a detailed explanation.

Canara Bank Withdraws ‘Fraud’ Tag on Anil Ambani’s Loan, Tells Bombay HC

Canara Bank informed the Bombay High Court it has revoked its order declaring Anil Ambani’s loan account as “fraudulent.” The court closed the case, stating RBI must be informed.

JUSTICE PANKAJ MITHAL

Justice Pankaj Mittal, born on June 17, 1961, assumed office on February 6, 2023, and will retire on June 16, 2026. With a notable legal lineage, he has over 37,000 judgments across various fields and served as a judge in multiple high courts. He enjoys philately and has contributed to judicial administration.