Mumbai – The Bombay High Court while upholding an order of the State Bank of India (SBI) classifying the accounts of industrialist Anil Ambani and Reliance Communications as fraud has said it was a reasoned order, and did not have any legal flaw.

A bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order.

The judgment, a copy of which was made available on Tuesday, said there was no merit in Ambani’s plea as there was no “infirmity” in the SBI order of June 13, 2025.

The court did not entertain the industrialist’s contention that the order should be held as null and void because he was not given a personal hearing, and relevant documents were not furnished to him.

The right available under the Reserve Bank of I

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