India, Oct. 8 -- The State Bank of India (SBI) followed due process while classifying the loan account of the Anil Ambani-led Reliance Communications (RCom) as "fraud", and the businessman could not escape liability as the promoter of the company, the Bombay high court said on Friday, while dismissing his petition questioning the bank's order.

A division bench of justices Revati Mohite Dere and Neela Gokhale also did not entertain Ambani's contention that the SBI's order should be held as null and void because he was not given a personal hearing and the relevant documents were not furnished to him on time. The right available under the Reserve Bank of India's (RBI) Master Directions, under which the SBI passed its order, "is one of repre...