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    Tag: fraud classification

    BREAKING | Hard Earned Money Has Been Siphoned: Supreme Court Rejects Anil Ambani’s Plea In Bank Fraud Classification Case
    BREAKING | Hard Earned Money Has Been Siphoned: Supreme Court Rejects Anil Ambani’s Plea In Bank Fraud Classification Case
    Supreme CourtHeadlines

    BREAKING | Hard Earned Money Has Been Siphoned: Supreme Court Rejects Anil Ambani’s Plea In Bank Fraud Classification Case

    Today, On 16th April, The Supreme Court dismissed Anil Ambani’s plea against the fraud classification of his loan accounts under RBI’s 2024 Master Directions. The CJI remarked, “Hard earned money has been siphoned. Did you make good losses of banks and financial institutions?”

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    Anil Ambani Moves Supreme Court After Bombay High Court Upholds SBI’s Fraud Classification
    Anil Ambani Moves Supreme Court After Bombay High Court Upholds SBI’s Fraud Classification
    Legal updatesHeadlines

    Anil Ambani Moves Supreme Court After Bombay High Court Upholds SBI’s Fraud Classification

    Anil Ambani has approached the Supreme Court challenging the Bombay High Court’s order that upheld SBI’s decision to label RCom and its promoter as “fraud.” The appeal questions SBI’s process and Ambani’s liability as a “person in control” of the company.

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    Bombay High Court Quashes Bank of India Fraud Tag on Naresh Goyal’s Account: ‘No Opportunity to Be Heard’
    Bombay High Court Quashes Bank of India Fraud Tag on Naresh Goyal’s Account: ‘No Opportunity to Be Heard’
    High CourtLatest news

    Bombay High Court Quashes Bank of India Fraud Tag on Naresh Goyal’s Account: ‘No Opportunity to Be Heard’

    The Bombay High Court has set aside Bank of India’s classification of Jet Airways founder Naresh Goyal’s account as “fraud,” citing a violation of natural justice. The Court emphasized that Goyal was not given an opportunity to make a representation before the decision.

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