India, Sept. 18 -- In a temporary reprieve for industrialist Anil Ambani, the Bombay High Court on Wednesday restrained the Bank of Baroda from taking any coercive steps, pursuant to its September 4 order declaring Reliance Communications' loan accounts as "fraud."

A division bench of Justice Riyaz Chagla and Justice Farhan Dubash directed the bank not to act on the impugned order until the next hearing, scheduled for September 24.

"As the Bank has sought time to file an affidavit in reply to the present petition, the counsel for the Bank states, on instructions, that it will not act in furtherance of the impugned notice till Wednesday (September 24). The Bank is to file its reply by September 23. Till then, there will not be any coerci...