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Notice to Anil Ambani: HC tells PSU banks not to take further action

The Bombay High Court has temporarily halted public sector banks from taking further action on fraud-related show-cause notices issued to Reliance Group chairman Anil Ambani. The court cited that the notices were based on a forensic audit report whose validity Ambani has challenged, and that proceeding would cause irreparable harm.

24 Dec 2025 11:44 pm