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Relief For Anil Ambani As Bombay High Court Stays Canara Bank's Order Classifying Reliance Comm Loan Account As 'Fraud'
Narsi Benwal
7 Feb 2025 5:17 PM IST
In a relief to industrialist Anil Ambani, the Bombay High Court on Friday stayed an order passed by the Canara Bank by which it classified his loan account, related to Reliance Communications, as "fraudulent account."A division bench of Justices Revati Mohite-Dere and Dr Neela Gokhale noted that the action of the Bank was in contravention of the 'Master Circular' issued by the Reserve Bank...
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Narsi Benwal
Narsi Benwal is a Special Correspondent with Live Law covering Bombay High Court and also the Trial Courts across Maharashtra
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