Bombay High Court has quashed a single-bench interim order that stayed proceedings initiated against industrialist Anil Ambani and Reliance Communications Limited to classify their bank accounts as fraudulent. A division bench of Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad allowed the appeals filed by three public sector banks and auditor firm BDO India LLP against the December 2025 interim order passed by a single bench of the High Court.
The division bench, while quashing the single bench order, termed it illegal and perverse. Mr Ambani’s counsels sought the High Court to stay its order so that they could approach the Supreme Court, but the request was declined. The banks last month challenged a December 2025 single-bench order granting interim relief to Mr Ambani and his company. The order had cited violations of mandatory RBI rules and a classic case of banks waking up from a deep slumber after years.
