Bombay High Court Lifts Stay on Fraud Classification Proceedings; Division Bench Backs Banks Over Forensic Audit Challenge
Introduction: In Bank of Baroda & Ors. v. Anil Ambani (order pronounced by a Division Bench of the Bombay High Court; detailed judgment awaited), the Bombay High Court allowed appeals filed by Bank of Baroda, Indian Overseas Bank, and IDBI Bank, setting aside the order of a Single Judge that had stayed fraud classification proceedings […]