Delhi HC refuses to interfere with bank notice to Anil Ambani’s son

The Delhi High Court on Monday (January 12, 2026) refused to interfere with the Union Bank of India’s show cause notice to industrialist Anil Ambani’s son Jai Anmol Ambani in relation to the Reliance Home Finance Ltd (RHFL) case.

Justice Jasmeet Singh asked the petitioner and RHFL director Jai Anmol Ambani to present his position before the bank within 10 days and asked the bank to issue a “speaking order” and place it before the court.

“I will not interdict a show cause notice. You argue in show cause… I will keep the writ petition pending. Let’s see what the order is,” the court said.

“It is agreed between the parties that the petitioner will reply to the show cause within 10 days from today, appear for a personal hearing on January 30, and the respondent shall, after hearing the petitioner or his authorised representative, pass a speaking order, which shall be brought to the court on the next date of hearing. The effect of the order shall be subject to the order passed in the petition,” the court said while posting the case for further hearing on February 27.

Flawed notice

Counsel for Mr. Anmol Ambani argued that the show cause notice, issued on December 22, 2025, was “inherently flawed”.

The counsel argued that since the resolution plan for RHFL had already been approved by all lender banks as well as the Supreme Court, there could not be any allegations of fraud against the company.

The counsel for the bank opposed the petition and submitted that the court had restricted jurisdiction at the stage of issuance of the show cause notice.

The court, however, questioned the bank’s counsel on how the show cause notice was issued after approval of a resolution plan under the insolvency law.

The notice was issued following the high court setting aside an earlier notice issued to the petitioner by Union Bank of India to declare the company’s bank account fraudulent.

Lack of show cause notice

On December 19 last year, the high court granted relief to the petitioner on the ground that no show cause notice was served to him, as it was sent to an address which the company vacated in 2020.

The high court, however, made clear that the order would not preclude the bank from issuing a fresh show cause notice to Mr. Anmol Ambani and proceeding in the matter.

The Central Bureau of Investigation (CBI) has registered separate cases against two Reliance Anil Dhirubhai Ambani (ADA) Group companies, Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL), on charges of bank loan fraud. Among the accused in one case is his son, Mr. Anmol Ambani.

One FIR is against RHFL, its promoters or directors, and unknown bank officials, based on a complaint from Union Bank of India, alleging criminal conspiracy, cheating, and criminal misconduct, and wrongful loss of ₹228.06 crore.