Fri Oct 03 12:18:51 UTC 2025: Okay, here’s a summary and a rewritten news article based on the provided text:

**Summary:**

The Bombay High Court dismissed a petition by Anil Ambani challenging the State Bank of India’s (SBI) classification of his and Reliance Communications’ accounts as fraudulent. The SBI alleges misappropriation of funds amounting to ₹2,929.05 crore, leading to a CBI investigation involving searches of Reliance Communications’ premises and Ambani’s residence. Ambani argued that he wasn’t given a fair hearing by the SBI and important documents were delayed, but the court found no merit in his plea.

**News Article:**

**Bombay High Court Rejects Anil Ambani’s Plea Against SBI Fraud Classification**

*Mumbai, October 3, 2025* – The Bombay High Court today dismissed a petition filed by industrialist Anil Ambani challenging the State Bank of India’s (SBI) decision to classify his and Reliance Communications’ accounts as fraudulent. The ruling comes amidst an ongoing investigation by the Central Bureau of Investigation (CBI) into alleged misappropriation of funds.

A bench of Justices Revati Mohite Dere and Neela Gokhale stated that Mr. Ambani’s petition lacked merit. Details of the judgment are expected to be released soon.

The SBI classified the accounts as fraudulent last year, alleging that Reliance Communications engaged in transactions that violated the terms of loans, resulting in a loss of ₹2,929.05 crore. The bank subsequently filed a complaint with the CBI, which led to searches of premises linked to Reliance Communications and Mr. Ambani’s residence.

Mr. Ambani had argued that the SBI violated the principles of natural justice by failing to provide him with a hearing before classifying the accounts as fraudulent. He also claimed that crucial documents used to justify the classification were provided to him belatedly. However, the court rejected these arguments.

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