Anil Ambani moves Supreme Court against SBI’s ‘fraud’ tag on his and Reliance Communications’ accounts

Industrialist Anil Ambani has taken his battle with the State Bank of India (SBI) to the Supreme Court, challenging a Bombay high court order that upheld the bank’s decision to classify his and Reliance Communications’ accounts as fraud.

The petition is yet to be listed for hearing, but it marks the latest turn in a dispute that has been building for more than a year.