SC rejects pleas of Anil Ambani challenging Bombay HC order

What Happened

The Supreme Court rejected industrialist Anil Ambani's pleas challenging a Bombay High Court order allowing bank proceedings against him and Reliance Communications Ltd to classify their accounts as fraud. The court permitted Ambani to pursue his case before the high court's single judge bench. Three public sector banks initiated fraud classification proceedings based on forensic audit findings.

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