Bombay High Court Dismisses Anil Ambani's Challenge to SBI's Fraud Classification of Accounts

Oct 03, 2025 08:39 pm CST

The Bombay High Court has rejected industrialist Anil Ambani's petition against State Bank of India's classification of his and Reliance Communications' accounts as fraudulent. The ruling comes amid allegations of fund misappropriation amounting to Rs 2,929.05 crore, which has prompted a CBI investigation into the matter.