Overview
- Bombay High Court vacation bench Justice Sandesh D Patil declined to grant ad-interim relief, after which Ambani withdrew his petition.
- Ambani told the court he will appear before IDBI Bank’s fraud examination committee under protest.
- The personal hearing under the RBI’s fraud risk management framework is scheduled for October 30.
- Ambani had sought underlying documents and a deferment, arguing a hearing without full material would cause grave prejudice.
- IDBI said it had already shared the forensic audit report with annexures on the Rs 750 crore Reliance Communications loan, and Ambani can challenge any adverse outcome before an appropriate forum.