The Bombay High Court has refused to grant interim relief to Anil Ambani in a fraud loan account case initiated by Bank of Baroda. The court also declined his request for an urgent hearing, observing that the matter is already pending before the Supreme Court of India and that he should await its decision instead of pursuing parallel remedies.
The case dates back to September 2025, when Bank of Baroda began action against Ambani over alleged fraudulent loan accounts, based on a forensic audit conducted by BDO for a consortium of banks led by State Bank of India. Several banks have since relied on this report to classify accounts linked to Ambani and his companies as “fraud.” Ambani’s legal team argued that other banks should not depend on an audit report prepared for SBI and that they were not provided access to the report or related documents.
Opposing the plea, Bank of Baroda stated that similar issues had already been raised in earlier proceedings, that multiple petitions had been filed against different banks, and that investigations, including those by the Central Bureau of Investigation, are ongoing.
Agreeing with the bank’s arguments, the High Court observed that Ambani should have withdrawn the petition instead of pursuing multiple legal remedies and clarified that no interim protection would be granted, leaving him to seek relief from the Supreme Court.
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