The Supreme Court has issued fresh notices to Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) in a petition alleging large-scale corporate and banking fraud, as per PTI report.
The petition, filed by former Union secretary E A S Sarma, seeks a court-monitored investigation into the matter.
On January 23, 2026, a bench led by Chief Justice Surya Kant and Justice Joymalya Bagchi directed the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) to file status reports within 10 days.
These reports are to be submitted in sealed covers. Solicitor General Tushar Mehta appeared on behalf of the probe agencies.
The bench called this a final opportunity for Anil Ambani and ADAG to file their responses. The Bombay High Court’s Registrar General has also been asked to ensure service of notices to both parties and submit a compliance report.
Petitioner E A S Sarma, represented by lawyer Prashant Bhushan, raised concerns regarding the lack of action by the probe agencies.
He claimed that the FIR was registered only in 2025, although the alleged fraud dates as far back as 2007-08. The petition states that while the FIR and current ED proceedings cover a portion, the entirety of the wrongdoing is far more extensive.
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The PIL highlights the alleged collusion of banks and their officials in facilitating improper loans and helping with the fabrication of financial documents. It seeks investigative action not only against corporate entities but also regulators and institutions suspected of institutional complicity.
Bhushan argued in court that the current investigation is narrow and requested mandatory filings by the CBI and ED on whether banks have received scrutiny in this case.
The Supreme Court's fresh notices aim to ensure broader scrutiny into the allegations of one of the most expansive corporate frauds in the country. The court-monitored direction seeks to cover all angles, including institutional roles and lapses in regulation.
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Published on: Jan 24, 2026, 9:32 AM IST
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