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

The Bombay High Court on Friday dismissed a plea by businessman Anil Ambani challenging the State Bank of India’s classification of his loan account and that of Reliance Communications (RCom) as “fraud,” according to Live Law.

A division bench of Justices Revati Mohite-Dere and Dr Neela Gokhale pronounced the order.

The classification had been made on June 13, 2025, in accordance with the Reserve Bank of India’s Master Directions on Fraud Risk Management and SBI’s internal policy. Ambani had approached the court contending that the bank did not follow principles of natural justice, as he was not given an opportunity to be heard before his account was tagged as fraud.