Anil Ambani Approaches Supreme Court Against SBI’s Fraud Classification

Anil Ambani has filed a petition before the Supreme Court challenging the Bombay High Court order that upheld SBI’s decision to classify his personal accounts and those of Reliance Communications as fraud. The High Court had dismissed his plea on October 3, stating there was no merit in contesting SBI’s findings. Ambani argues that the bank did not follow principles of natural justice and refused him a hearing, noting that key documents were provided to him only months later.