MUMBAI: Bombay HC dismissed Friday a writ petition filed by Anil Ambani towards SBI, difficult its determination to categorise the mortgage account of Reliance Communications as “fraud”. SBI's order dated June 13, 2025 mentioned Ambani shall be reported to RBI.Difficult the order, Ambani claimed rules of pure justice have been flouted and that he was granted no private viewers.Anil Ambani's petition lacks benefit, says bench, dismisses itSuch classification… has drastic civil penalties,” mentioned Anil Ambani in his petition. He mentioned that SBI's motion was arbitrary and in violation of all recognized canons of equity and transparency by not offering copies of paperwork the financial institution was counting on.Ambani's plea named RBI as respondent too.A division bench of justices Revati Mohite Dere and Neela Gokhale orally mentioned the petition lacked benefit and dismissed it. The detailed order can be uploaded later.Ambani could now strategy Supreme Court docket.A spokesperson for Ambani mentioned: “We're awaiting the order. As soon as now we have reviewed it, we are going to consider the subsequent plan of action, as legally suggested.”For Ambani, senior counsel Darius Khambata argued that in response to the financial institution's showcause discover dated Dec 20, 2023, the financial institution despatched an incomplete report.SBI mentioned it issued notices to RCom and Ambani to make submissions in writing in 15 days as to why the account and identify shouldn't be categorised and reported as “fraud”.Its reply in HC mentioned it acquired no rationalization.In July, in a separate petition filed by Ambani towards public sector lender Canara Financial institution over related motion, the financial institution knowledgeable HC of the withdrawal of its order.
