Reliance Communications

Reliance Communications', Anil Ambani's loan accounts declared as 'fraudulent' by Bank of Baroda

RCom, currently undergoing the CIRP under the Insolvency and Bankruptcy Code (IBC), 2016, has said that the loans in question relate to the period before its insolvency proceedings began. The company asserts that these loans must be resolved as part of a resolution plan or through liquidation under the IBC.

29 days ago

Anil Ambani to appear today before ED in Rs 17,000 crore loan fraud case

After SBI, Bank of India tags Anil Ambani, RCom accounts as 'fraud'

The bank has alleged diversion of funds and violation of loan terms. According to a company stock exchange filing, RCom received a letter dated August 8 from BOI on August 22. In its notice, BOI said the loan accounts of RCom, Anil Dhirajlal Ambani, and Manjari Ashik Kacker had been tagged as 'fraud' for an outstanding loan of Rs 724.78 crore.

Aug 24, 2025

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Reliance Communications

Reliance Communications', Anil Ambani's loan accounts declared as 'fraudulent' by Bank of Baroda

After SBI, Bank of India tags Anil Ambani, RCom accounts as 'fraud'

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