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.
The Supreme Court has issued notices to the Centre, ED, CBI and Anil Ambani over the alleged RCom banking fraud. The Court seeks detailed responses within three weeks amid claims of large-scale fund diversion and fabricated accounts.
A PIL filed by former government secretary EAS Sarma urges the Supreme Court to monitor a full investigation into alleged Rs 31,580 crore bank fraud by RCOM and Anil Ambani. The plea alleges large-scale fund diversion, fake accounts, shell companies and institutional complicity.
The Bombay High Court dismissed Anil Ambani’s plea challenging SBI’s decision to classify his loan account as fraudulent. The Court upheld SBI’s action, confirming it followed RBI guidelines.
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.
