
Bombay High Court Quashes Order Staying Proceedings Against Anil Ambani
The Bombay High Court has set aside an interim order that had stayed actions by three banks against Anil Ambani regarding the classification of his bank accounts as fraudulent. This allows proceedings to continue against Ambani.
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Bombay HC quashes order staying proceedings against Anil Ambani to classify his bank accounts as fraud
Three banks in their appeal said the forensic audit, which led to accounts being classified as "fraud", was legally valid and based on serious findings of fund siphoning and misutilisation
Read full article →Bombay HC sets aside ‘perverse’ and ‘illegal’ interim order staying actions by 3 banks against Anil Ambani over ‘fraudulent’ accounts
By Omkar Gokhale
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