The Bombay High Court has upheld a decision by the State Bank of India (SBI) to classify accounts of industrialist Anil Ambani and his company, Reliance Communications (RCom), as "fraudulent" noting that there was no legal flaw in it.A division bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order.In the judgement made public on Tuesday, the court ruled that the SBI's order of June 13, 2025, was "a reasoned order" with "no infirmi ...