Bombay HC dismisses Anil Ambani’s plea towards SBI classification of his account as fraud

The Bombay High Court on Friday (October 3, 2025) dismissed a petition filed by industrialist Anil Ambani difficult the State Bank of India’s (SBI) choice classifying his and Reliance Communications’ accounts as fraud.

A bench of Justices Revati Mohite Dere and Neela Gokhale stated there was no advantage within the plea. An in depth copy of the judgement was not accessible instantly.

The SBI had final 12 months categorized the accounts as fraud, alleging misappropriation of funds by coming into into transactions that violated the phrases of loans prolonged by it.

Mr. Ambani moved the HC, arguing that the financial institution had not adopted the ideas of pure justice because it didn’t grant him a listening to.

Certain paperwork, based mostly on which the classification orders had been handed, weren’t supplied to him initially, and furnished solely after six months, the petition claimed.

The financial institution this 12 months lodged a criticism with the Central Bureau of Investigation (CBI), which searched premises linked to Reliance Communications and Ambani’s residence.

The CBI stated it had registered a criticism after the State Bank of India claimed a lack of ₹2,929.05 crore ensuing from alleged misappropriation by Reliance Communications and Anil Ambani.