Mumbai, Aug. 18 -- Industrialist Anil Ambani's lawyer has stated that State Bank of India's (SBI) action against Reliance Communications Limited (RCOM) CMD Anil Ambani did not follow principles of natural justice as laid down by the Supreme Court.
"SBI's ex-parte action against Ambani is in violation of the principles laid down by the top court. SBI must reconsider its actions in this matter, as it has already withdrawn show-cause notices issued against five other non-executive directors," Anil Ambani's lawyer said.
"SBI's order was passed ex-parte, without giving Anil Dhirubhai Ambani a chance to present his case. This denial of a fair hearing clearly shows that the principles of natural justice as laid down by the Supreme Court were not...