The CBI stated the Nationwide Financial institution of India has registered a criticism after claiming a lack of 2,929.05 crore arising from alleged misappropriation by Reliance Communications and Anil Ambani. file. | Photograph Credit score: PTI
On Friday (October 3, 2025), the Bombay Excessive Court docket challenged the choice of the Nationwide Financial institution of India (SBI) and rejected the petition filed by industrialist Anil Ambani, who labeled his and belief communications account as fraud.
Justice benches Levati Moheit der and Neela Gokare stated there was no advantage within the plea. An in depth copy of the judgment was not instantly out there.
Final yr, SBI claimed misappropriation of funds by classifying the account as fraud and thus coming into right into a transaction that violated the phrases of the prolonged mortgage.
Ambani moved the HC and argued that the financial institution didn’t give him a listening to and due to this fact didn’t observe the ideas of pure justice.
The petition allegedly claimed that sure paperwork weren’t initially supplied to him, however have been solely supplied six months later.
The financial institution filed a criticism with the Central Bureau of Investigation (CBI) this yr. This searched services associated to Reliance Communications and Ambani’s residence.
The CBI stated the Nationwide Financial institution of India has registered a criticism after claiming a lack of 2,929.05 crore arising from alleged misappropriation by Reliance Communications and Anil Ambani.
