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flag Canara Bank removes "fraud" tag from Reliance Communications' loan account after legal dispute.

flag Canara Bank has removed the "fraud" tag from Anil Ambani's Reliance Communications loan account. flag The bank had initially classified the Rs 1,050 crore loan as fraudulent due to alleged misuse. flag Ambani challenged this in the Bombay High Court, arguing procedural irregularities. flag The bank's withdrawal of the fraud classification follows a legal dispute and agreement, with details of the repayment plan undisclosed.

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