New Delhi, April 17 -- The Supreme Court on Thursday refused to entertain businessman Anil Ambani's challenge to the classification of loan accounts of Reliance Communications group companies as "fraud", underscoring serious allegations of diversion of "thousands of crores" of public money and directing him to pursue remedies before the civil court where a related suit is already pending. Ambani also informed the court that he was willing to explore a settlement with the banks, a submission that the court recorded, clarifying that it has no opinion on the proposal. A bench comprising Chief Justice of India Surya Kant and justices Joymalya Bagchi and Vipul M Pancholi, said it was not inclined to intervene at this stage, particularly when the main dispute was yet to be finally adjudicated. "It is a case of siphoning of money.we do not want to express any opinion at this stage. You have legal avenues available," court observed, referring to allegations involving shell entities and diversion of funds. The court made it clear that Ambani's attempt to assail the fraud classification on what it described as a "technical objection", relating to the eligibility of the forensic auditor, could not be examined in isolation by the top court when substantive issues were already under consideration before a civil forum. "Whether it can vitiate everything or not, it is for you to prove in the suit," the bench told senior advocate Kapil Sibal, who appeared for Ambani. Sibal argued that the audit report forming the basis of the classification was invalid since it had not been prepared by a qualified CA, and that such proceedings would result in "civil death" by cutting off access to finance....