ANIL D. AMBANI vs STATE BANK OF INDIA

Judgment text excerpt

SHAGUFTA Digitally signed by SHAGUFTA QUTBUDDIN QUTBUDDIN PATHAN Date: 2025.10.07 PATHAN 16:00:52 +0530 WP-3037-2025-J.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO.3037 OF 2025 Anil D. Ambani, aged 66 years, having his address at 39, Sea Wind, Cuffe Parade, Mumbai – 400 005. … Petitioner Versus 1. State Bank of India, having its office at Stressed Assets Resolution Group, Corporate Centre, 2nd Floor, The Arcade, World Trade Centre, Cuffe Parade, Mumbai – 400 005. 2. Reserve Bank of India, Legal Department, having its Office at 5 th Floor, Centre I, World Trade Centre, Mumbai – 400 005. … Respondents Mr. Darius Khambata, Senior Advocate a/w Mr. Prateek Seksaria, Senior Advocate Mr. D.J.Kakalia, Ms. Bhavna S. Jaipuria, Mr. Kartik Hede a/w Mr. Ayaan Zariwalla and Ms. Bhakti Chandan i/b Mulla & Mulla & CBC, for the Petitioner Mr. Aspi Chinoy, Senior Advocate a/w Mr. Sudeshna Roy, Mr. Abhiraj Arora, Mr. Treenok Guha, Mr. Ayush Chaturvedi i/b Saraf & Partners Law Offices, for the Respondent No. 1 Mr. Zal Andhyarujina, Senior Advocate a/w Mr. Pradeep Mane, Mr. Prasad Shenoy, Ms. Riddhi Badheka & Ms. Huzan Bhumgara i/b Desai & Diwanji, for the Respondent No. 2 SQ Pathan 1/46 WP-3037-2025-J.doc CORAM : REVATI MOHITE DERE & DR. NEELA GOKHALE, JJ. RESERVED ON : 22nd AUGUST 2025 PRONOUNCED ON : 3rd OCTOBER 2025 JUDGMENT (Per Revati Mohite Dere, J.) : 1 By this petition, the Petitioner challenges the show- cause notice dated 20th December 2023 issued by the Respondent No.1 – State Bank of India (“SBI”) and the resultant order dated 13th June 2025 passed by the Respondent No.1, classifying the account of Reliance Communications Ltd. (“RCOM”) as ‘fraud’ and reporting the name of the Petitioner to the Respondent No.2 – Reserve Bank