Anil D Ambani vs Idbi Bank Ltd

ik-190422050 Bombay High Court 24 December 2025 • 126 min read

Judges (1)

Counsel (11)

Naik Naik & Company Firm Abhishekh Kale Counsel Plaintiff Ameet Naik Counsel Plaintiff Atul Setalvad Counsel Defendant Devashish Jagirdar Counsel Plaintiff Fredun Bharucha Counsel Defendant Gaurav Joshi Counsel Plaintiff Janak Dwarkadas Counsel Defendant Piyush Raheja Counsel Plaintiff Ronit Doshi Counsel Plaintiff Zal Andhyarujina Counsel Defendant

Parties (4)

Bank of Baroda Defendant IDBI Bank Ltd Defendant Indian Overseas Bank Defendant Anil D. Ambani Plaintiff

Case Significance

Anil D Ambani vs Idbi Bank Ltd is a Bombay High Court decision dated December 24, 2025 (citation: ik-190422050). Anil D. Ambani filed three suits against Indian Overseas Bank, IDBI Bank, and Bank of Baroda seeking interim injunctions against invocation of personal guarantees he had given for Reliance Group companies, arguing the guarantees were invalid or discharged. The Court examined the validity of the personal guarantees in the context of IBC proceedings and whether the banks could invoke them after NCLT-approved resolution plans. The Court granted interim relief to Ambani and declined stay requests The case was heard by Justice Milind N. Jadhav.

Summary

Anil D. Ambani filed three suits against Indian Overseas Bank, IDBI Bank, and Bank of Baroda seeking interim injunctions against invocation of personal guarantees he had given for Reliance Group companies, arguing the guarantees were invalid or discharged. The Court examined the validity of the personal guarantees in the context of IBC proceedings and whether the banks could invoke them after NCLT-approved resolution plans. The Court granted interim relief to Ambani and declined stay requests by the banks' Senior Advocates.

What was the outcome of Anil D Ambani vs Idbi Bank Ltd?

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-190422050)