Bombay HC stays PSU banks’ action against Anil Ambani; says RBI master instructions are ‘not a mere paper tiger’

The Bombay High Court has stayed all current and future actions of three banks seeking to declare the accounts of Anil Ambani and Reliance Communications Ltd as fraud, citing violations of the RBI’s Master Directions. | Photo credit: VIVEK BENDRE The Bombay High Court on Wednesday stayed all enforcement action against public sector banks and […]