New Delhi, April 16 -- The Supreme Court has refused relief to businessman Anil Ambani on his plea challenging the decision of a Division Bench of the Bombay High Court, which allowed two banks including Indian Overseas Bank to proceed with classifying his loan account as "fraud", by setting-aside it's December 2025 single-judge bench order that had had granted interim relief to Ambani.

A bench led by the Chief Justice of India (CJI) Surya Kant, however, observed that the Division Bench order of the Bombay High Court shall not come in the way of a suit which is pending to be adjudicated and requested the High Court to dispose of the case in an expeditious manner.

"In terms of the Single Bench order, the Division Bench order shall not to...