Anil Ambani: Anil Ambani has suffered a major setback. Bank of Baroda has declared the accounts of him and his company as fraud.
Anil Ambani’s difficulties are constantly increasing. After the State Bank of India, now the Bank of India has also declared the loan account of the bank of Reliance Communications and its former director Anil Ambani as fraud. The bank shared this information through exchange filing on Thursday.
What did RCom say in his reply?
In his reply, RCom said that the loan that Bank of Baroda is talking about is the time when the company did not go to the corporate insolutions resolution process. The company made it clear that these loans should be resolved under the Insolvency and Bankruptcy Code, whether it is a resolution plan or liquidation process. RCom also said that the company’s committee’s committee has already approved the resolution plan and is now waiting for approval from the National Company Law Tribunal. The company is currently under the control of the resolution professional and Anil Ambani is no longer its director. RCom has also spoken of taking legal advice to decide further strategy.
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According to media reports, earlier in June 2025, State Bank of India declared RCom’s loan account a fraud. Subsequently, on August 24, Bank of India also took the same step and included Anil Ambani’s name, declaring RCom’s loan account as fraud.