Anil Ambani's RCom is facing multiple investigations over alleged diversion and misuse of funds advanced by banks.

The Centre has filed a transfer petition before the Supreme Court seeking to consolidate and transfer bank fraud cases, involving Anil Ambani and Reliance Communications, from various High Courts to the Delhi High Court.

A Bench of Chief Justice of India Surya Kant, Justice Joymalya Bagchi and Justice V Mohana has adjourned that matter after a request was made by the government seeking two weeks to submit detailed information about the cases pending across different High Courts.

CJI Surya Kant at the outset showed reluctance to entertain the plea and said, "There is no delay in the Delhi High Court. So your effort should now be to get a verdict from the Delhi High Court. Whether it is against you or in your favour is a different issue. Once you get that matter decided there, then maybe you can request the Bombay High Court to decide the matter."

In response, Senior Advocate Zoheb Hussain, appearing for Centre argued, "Please see Article 139A(2). That was precisely the object for which that provision was engrafted. This is a central statute, the Black Money Act. The longer it remains under stay, it defeats the object of bringing back black money stashed abroad."

"There are 15 to 20 matters pending before the Delhi High Court. Pleadings have been completed, written submissions have been filed and the matters are ripe for final hearing. In Bombay, rule has been issued and the matter has gone into cold storage," Hussain further stated.

When CJI Kant questioned Hussain saying, "They will come and say that the Delhi High Court matters should be transferred to Bombay," the central government counsel requested, "May I make one request? The matter may be kept back. I am led by the Solicitor General. What is happening is that a huge batch is created in each High Court. When these batches are created, proceedings concerning foreign black money get stuck. Different High Courts are seized of the same issue. We will make a complete list and file it. We will also make a prayer for some sort of expeditious disposal because huge public interest is involved. Please give us two weeks. We will come back with that data. The matter may be given a returnable date after two weeks."

Notably, Supreme Court, is also hearing a PIL filed by former bureaucrat EAS Sarma, which seeks a thorough, court-monitored probe into alleged financial irregularities within the ADAG group. Petitioner EAS Sarma, a former union government secretary, has implored the court to take supervisory control of the investigation, arguing that the ongoing probes are piecemeal and fall short of examining all implicated parties, including bank officials and public servants.

Court was in July informed by the Central Bureau of Investigation that the agency had filed three chargesheets in connection with the alleged Rs 40,000-crore Anil Dhirubhai Ambani Group (ADAG) loan fraud case. Solicitor General Tushar Mehta had told a CJI Surya Kant led bench that ADAG's Managing Director had also been arrested.

What is the RCom case?

The RCom case arises from multiple FIRs registered by the Central Bureau of Investigation (CBI) concerning alleged diversion of fund-based and non-fund-based credit facilities.

The agency's investigation allegedly found that fresh credit facilities were repeatedly used to repay, rotate and evergreen earlier domestic and foreign liabilities instead of being used for the purposes for which the facilities were sanctioned.

The ED has alleged that the funds were layered through group companies, specially created conduit entities, multiple bank accounts and liquid mutual funds. According to the agency, the funds were also used to service earlier External Commercial Borrowings and Foreign Currency Convertible Bonds (FCCBs), while being shown as legitimate business expenditure or receipts.

The agency has further alleged that loan proceeds were diverted to group companies, including Reliance Infrastructure and Reliance Capital, and were subsequently used to purchase personal assets for promoters outside India. It has also alleged that certain transactions were used to artificially inflate profits of RCom. The ED has quantified the proceeds of crime in this case at ₹40,185 crore and said it has attached assets worth ₹8,078 crore

Case Title: UNION OF INDIA Vs ANIL DHIRAJLAL AMBANI

Bench: CJI Surya Kant, Justice Bagchi and Justice Mohana

Hearing Date: September 8, 2026

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