The Supreme Court on Tuesday (November 17, 2025) agreed to examine a petition alleging massive banking and corporate fraud involving Reliance Communications (RCom), its group companies and their promoter Anil Ambani.

A Bench of Chief Justice B.R. Gavai and Justice K. Vinod Chandran issued notice on the petition filed by former government secretary E.A.S. Sarma, for a court-monitored probe into the allegations. The respondents arraigned in the petition, besides the Union government, include the ED, CBI, Anil Dhirubhai Ambani Group and Mr. Anil Ambhani.

“This is bank fraud worth ₹20,000 crore,” advocate Prashant Bhushan, appearing for Mr. Sarma, submitted.

The petition alleged systematic diversion of public funds, fabrication of financial statements and institutional complicity across mul

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