Bombay High Court rejects Anil Ambani's challenge to SBI's fraud tag on RCom loan

hindustantimes.com

Bombay High Court dismissed Anil Ambani's plea challenging SBI's classification of RCom's loan account as fraud. The court found Ambani's petition lacked merit. SBI had tagged the loan account as fraudulent last year, alleging fund misappropriation. This ruling follows a CBI probe into alleged bank loan fraud based on SBI's complaint, where the bank claimed to be defrauded of ₹2,929.05 crore.


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Bombay High Court rejects Anil Ambani's challenge to SBI's fraud tag on RCom loan | News Minimalist