Bombay High Court rejects Anil Ambani’s plea against SBI’s fraud classification of loan accounts
The Bombay High Court has refused to intervene in a challenge mounted by Reliance Communications promoter Anil Ambani against the State Bank of India’s (SBI) decision to categorise his loan account as fraudulent, marking a significant setback for the industrialist in his ongoing battle with lenders. A division bench comprising Justices Revati Mohite Dere and…
