Overview

• Justices Revati Mohite Dere and Neela K Gokhale said Ambani’s petition lacked merit, with the detailed order to follow.
• SBI designated Reliance Communications’ loan account and Ambani as fraud on June 13, 2025, citing RBI’s 2016 fraud directions and its internal policy.
• SBI has alleged misappropriation and quantified a loss of about ₹2,929.05 crore, prompting a CBI case and searches at RCom-linked sites and Ambani’s residence.
• Ambani argued the bank violated natural justice by denying a personal hearing and delaying key documents, claims the court did not accept.
• Other lenders have taken varied positions, with Canara Bank withdrawing a similar order in July and the High Court restraining Bank of Baroda from coercive steps in a separate matter.