- Apprentice Lawyer
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".
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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