Bombay High Court dismisses Anil Ambani plea against SBI move to classify his loan account as fraud

The Bombay High Court dismissed Anil Ambani’s plea challenging the State Bank of India’s decision to classify his loan account as fraudulent, holding that the bank had followed due process under RBI’s fraud guidelines.

The court noted that Ambani’s petition against Canara Bank’s classification had become infructuous after the bank withdrew its fraud tag in July 2025.

Ambani had also challenged Union Bank of India’s fraud classification, but the Bench refused to grant a stay and directed him to approach the Reserve Bank of India for appropriate relief.

[Anil D Ambani v. State Bank of India]