RCCOC SBi urges to withdraw the “fraud” mark against the company, Anil Ambani

Anil Ambani’s lawyer has learned that he urged the State of India Bank (SBI) to withdraw its decision to classify the debt -full communications operator and its promoter Anil Ambani as “fraud”. The lawyer claimed that the move had taken “without giving Anil Dr. Ambani an opportunity to present his case.”

Once among the largest mobile service providers in India, RCOM is currently undergoing a CIP insolvency solution under the insolvency and bankruptcy law (IBC), 2016. The decision plan was approved by the creditors committee and was submitted with the National Law Court (NCLT), Mumbai, on March 6, 2020.

In July, the government informed Parliament that SBI announced both RCOC and Ambani as frauds on June 13, 2025, under the main RBI trends regarding the management of fraud and policy risks approved by the bank. In a written response to Luke Sebha, the Minister of State for Finance, Panaged Chaudhry, said that SBI was also in the process of submitting a complaint to the Central Bureau of Investigation (CBI). He added that the bank had started personal insolvency measures against Ambani, which was suspended before NCLT, Mumbai.

Anil Ambani said, “The SBI order was issued without granting Anil D The sources claimed that the bank did not share all the documents regarding the notification of the offer indicated with the previous promoter of the company.

Ambani’s lawyer added that the Canara Bank, which is part of the RCOC lenders, alongside SBI, withdrew its company’s fraud classification and Ambani before the Supreme Court of Bombay on July 10. According to the lawyer, the bank acknowledged that “it cannot continue in the law” and chose the issue as well.

The total SBI exposure to RCOM includes a fund -based main manager with about 2228 rupees as of August 26, 2016, along with the benefits and expenses due, as well as the non -reliable guarantees of 787 rupees. Referring to the withdrawal of Canara Bank, Ambani’s lawyer asked about the consistency of lenders ’behavior within the same union, and asked me about the reason for SBI continued to put his position.