The Bank of Baroda, IDBI Bank, Indian Overseas Bank and auditor BDO India LLP have approached a Division Bench of the Bombay High Court to challenge a single‑judge order that restrained them from taking any action against businessman Anil Ambani. 

 

Anil Ambani, the former non-executive director of RCom, had filed separate cases against the three banks, urging the high court to restrain them from acting on the notices. On 24th December 2025, a single-judge bench of Justice Milind Jadhav had accepted Ambani’s argument and granted interim relief, stating that forensic audits under RBI directions must meet statutory audit qualification standards. IDBI Bank has now appealed against this order before a division bench of the high court.

 

In its plea filed on 31st December, the bank said that the case raises a limited question of law regarding the interpretation of the RBI’s 2016 and 2024 Master Directions on fraud.