Industrialist Anil Ambani has withdrawn his plea challenging the fraud inquiry initiated by IDBI Bank concerning the ₹750 crore loan provided to Reliance Communications. As the court refused to grant interim relief, Ambani is set to appear before the bank's fraud committee under protest.Also Read: D.K. Suresh's statement: The desire for my brother to become CM; but only if it's written in his destiny..!

On Tuesday, Anil Ambani withdrew the application seeking relief against the inquiry initiated by IDBI Bank concerning the ₹750 crore loan given to Reliance Communications Limited (RCom). This development was reported on October 29, 2025.Also Read: President Droupadi Murmu Creates History with Rafale Sortie in Ambala

In the petition filed by Ambani, he had requested the court to direct the bank not to conduct a personal hearing until all relevant documents were provided to him. The plea argued that proceeding with the inquiry without full disclosure would cause "severe prejudice" to the petitioner. Advocates Ankit Lohia and Amita Naik represented Ambani.Also Read: Congress prioritizes the party over the individual: M.B. Patil..!

Advocates Zarir Bharucha, Dhwani Gala, and Rishi Thakur, appearing for IDBI Bank, opposed the petition, arguing that it was not maintainable. Bharucha informed the court that the bank had already shared the forensic audit report and all annexures which formed the basis for taking action under the RBI's "Master Directions on Frauds – Classification and Reporting by commercial banks."Also Read: Major Revision for Central Employees' Salary and Pension: 8th CPC Approved!

Bharucha further stated that Anil Ambani was given several opportunities for a personal hearing but failed to avail them. He informed the court that the next hearing before the bank's Fraud Review Committee is scheduled for October 30, 2025, emphasizing that the process is being conducted in compliance with RBI guidelines.INDO ERA Women's Silk Blend Embroidered A-Line Kurta Pant with Dupatta Set