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Canara Bank removes "fraud" tag from Reliance Communications' loan account after legal dispute.
Canara Bank has removed the "fraud" tag from Anil Ambani's Reliance Communications loan account.
The bank had initially classified the Rs 1,050 crore loan as fraudulent due to alleged misuse.
Ambani challenged this in the Bombay High Court, arguing procedural irregularities.
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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Canara Bank elimina la etiqueta de "fraude" de la cuenta de préstamo de Reliance Communications luego de una disputa legal.