Delhi High Court directs SBI to maintain status quo in relation to Anil Ambani's RCom accounts

The court has, however, allowed banks to take any steps or initiate investigation against Rcom, independent of the order declaring the account of the accounts as "fraud account".

Reliance Communications and Anil Ambani

The Delhi High Court on Wednesday directed the State Bank of India (SBI) and the Reserve Bank of India (RBI) to maintain status quo in relation to the account of Anil Ambani's Reliance Communications (RCom) and its units, Reliance Telecom and Reliance Infratel (Punit Garg vs Union Bank of India).

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Reserve Bank of India

SBI

Reliance

Anil Ambani

Reliance Communication

RCom

fraud account