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?”
The Supreme Court disposed of the CBI’s plea regarding the interim bail granted to former ICICI Bank CEO, Chanda Kochhar, and her husband in a case involving loan fraud. The court clarified that it did not express an opinion on the case’s merits and affirmed the right to contest the high court’s verdict within legal bounds.
