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flag Anil Ambani disputes banks' "fraud" classification of his company, as one bank reverses its decision.

flag Anil Ambani and his company, Reliance Communications, face challenges after State Bank of India and Canara Bank took actions against them, including classifying the company as a "fraud." flag Ambani's legal team argues these actions were taken without a fair hearing and violate legal principles. flag Canara Bank has since withdrawn its fraud classification, raising questions about the consistency and fairness of the banking system's decisions.

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