Bombay HC dismisses Anil Ambani’s plea against SBI classifying his loan account as fraud

The Bombay High Court dismissed Anil Ambani's plea challenging SBI's classification of his and Reliance Communications' loan accounts as "fraud" on June 13, 2025. Ambani argued a lack of natural justice, but the court upheld the re-classification, which followed a previous reversal and a Supreme Court mandate for borrower representation. SBI has significant credit exposure to RCom.