Overview
- A bench of Chief Justice B R Gavai and Justice K Vinod Chandran sought replies from the Union Government, CBI, ED, Anil Ambani and the Anil Dhirubhai Ambani Group, with responses due in three weeks.
- The Court declined a request to halt ongoing proceedings, with the matter now posted for further hearing after replies are filed.
- Filed by former Union secretary E A S Sarma and argued by Prashant Bhushan, the plea alleges diversion of public funds, fabrication of accounts and use of shell entities across group companies.
- The petition cites Rs 31,580 crore in loans to Reliance Communications and affiliates from an SBI‑led consortium, a 2020 SBI forensic audit indicating diversion, and a formal SBI complaint lodged only in August 2025.
- While the CBI FIR pegs an alleged wrongful loss at Rs 2,929 crore, the petitioner seeks a broader, court‑supervised probe and an expert committee, referencing Cobrapost claims of Rs 41,921 crore in diversions and additional forensic and insolvency findings.