The Supreme Court directed a Special Investigation Team (SIT) to probe alleged bank loan fraud involving Anil Dhirubhai Ambani Group (ADAG), reportedly worth around ₹40,000 crore.
The bench criticised the CBI and ED for delays and limited FIR filings despite multiple bank complaints, noting each complaint warrants separate action. The court emphasised the probe must be fair, thorough, and timely.
Anil Ambani’s counsel submitted an undertaking that he will not leave India without the Court’s permission. The SC stressed accountability and transparency in investigating alleged collusion by company and bank officials.