Overview

• A division bench of Justices Revati Mohite Dere and Neela Gokhale dismissed Anil Ambani’s petition on October 3, with the detailed judgment released on October 7.
• The bench upheld SBI’s June 13, 2025 order as a reasoned decision with no infirmity.
• The court held that promoters or directors in control can face penal measures once a company’s account is classified as fraud and noted Ambani exercised control over Reliance Communications.
• Judges observed Ambani never sought a personal hearing and that SBI proceeded after receiving no response to its last communication following earlier written replies.
• SBI has alleged misappropriation causing a loss of Rs 2,929.05 crore and lodged a complaint with the CBI, which registered a case and conducted searches linked to RCom and Ambani.