The Bombay High Court on Friday dismissed the plea filed by industrialist Anil Ambani against State Bank of India’s (SBI) decision declaring his loan accounts as “fraud.” (Anil D Ambani v. State Bank of India) A Division Bench of Justices Revati Mohite Dere and Neela Gokhale rejected Ambani’s arguments of procedural unfairness and upheld SBI’s action. A copy of the judgment is awaited. In June 2025, SBI tagged the loan accounts of Reliance Communications (RCom) and its promoter Anil Ambani as fraudulent, citing diversion of funds, breach of covenants and related-party transactions. The Bank subsequently informed the Reserve Bank of India (RBI) and initiated steps to approach the Central Bureau of Investigation. Ambani challenged the decision, contending that he was

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