HC junks plea against SBI fraud tag on RCom account
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Bombay High Court on Friday dismissed Anil Ambani's petition challenging SBI's decision to classify Reliance Communications' loan account as «fraud.» Ambani argued natural justice was flouted and SBI's action was arbitrary, denying him a personalHC junks plea against SBI fraud tag on RCom account
Bombay High Court on Friday dismissed Anil Ambani's petition challenging SBI's decision to classify Reliance Communications' loan account as «fraud.» Ambani argued natural justice was flouted and SBI's action was arbitrary, denying him a personal hearing. The court found no merit in his plea, allowing Ambani to potentially approach the Supreme Court. Read more