Canara Bank unconditionally withdraws fraud classification of Anil Ambani in RCOM matter
In a significant development, PSU lender Canara Bank has decided to unconditionally withdraw the fraud classification of businessman Anil Ambani in a matter related to Reliance Communications (RCOM). The bank informed the Bombay High Court’s division bench—comprising Justice Revati Mohite Dere and Justice Neela Gokhale—about its decision. In November, Canara Bank had classified the RCOM…