Overview

• Justices Revati Mohite Dere and Neela K Gokhale held there was no merit in the petition, with the detailed judgment to follow.
• SBI classified Reliance Communications and Anil Ambani’s loan accounts as fraud on June 13, 2025 under RBI directions on fraud reporting.
• SBI’s complaint citing an alleged loss of ₹2,929.05 crore led the CBI to register a case and conduct searches at RCom-linked locations and Ambani’s residence.
• Ambani argued breach of natural justice, alleging no hearing and delayed disclosure of key documents, but the court rejected these claims.
• Other lenders have taken varied steps, with Bank of India issuing a similar tag, Canara Bank withdrawing an earlier order, and the High Court asking Bank of Baroda to refrain from coercive action.