Anil Ambani’s troubles are not decreasing, Bombay High Court gave a blow, ‘Fraud’ Stay on action lifted

Bombay High Court On Anil Ambani: Once again bad news has come on the legal front for industrialist Anil Ambani. In an important judgment, the Bombay High Court on Monday canceled the interim relief which had given banks the opportunity to file ‘fraud’ cases against Ambani. Was restrained from taking (fraudulent) action. After this stance of the court, now the way has become completely clear for the banks to put their accounts in the fraud category.

What is the whole matter?

This dispute is based on those ‘show cause’ It started with notices that State Bank of India (SBI) and other banks had issued to Anil Ambani’s companies. On the basis of flaws found in the audit report, banks have declared their accounts as ‘fraud’ The process of declaring was started. Ambani had approached the court against this, after which in December 2025, the Single Bench had banned this action of the banks.

Why did the court change its decision?

In the latest hearing, a division bench of the Bombay High Court termed the old order of the single bench as ‘legally flawed’ relaxed me. The court said in a strict tone that if an order is prima facie found to be wrong, then it would not be justified to continue it for any longer. Ambani’s lawyers had demanded a four-week stay on the decision so that they could appeal in the higher court, but the High Court rejected this demand outright.

Natural Justice and RBI Rules

Anil Ambani’s main argument was that the banks’ actions would violate ‘natural justice’ principles were not followed and they did not get adequate opportunity to present their case. However, the RBI had amended its master circular in 2024 to make it clear that any account that could be operated as a ‘fraud’ Before making the declaration, it is mandatory to give an opportunity of personal hearing to the concerned party. But in the present case, the court refused to continue the relief considering the technical grounds and seriousness of the audit report.

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What options do banks have now?

Now State Bank of India (SBI) and other concerned banks and audit firms can start the process again. If the accounts are officially declared ‘fraud’ If declared, it will become even more difficult for Anil Ambani and his companies to avail banking facilities in future.