Anil D. Ambani Withdraws Petition Against IDBI Bank with Liberty to Contest Future Orders

Bombay High Court Allows Withdrawal, Grants Liberty to Raise Contentions in Case of Adverse Ruling

In a significant development in the legal tussle between Anil D. Ambani and IDBI Bank Limited, the Bombay High Court has allowed the withdrawal of a writ petition filed by Mr. Ambani. The petition, which was disposed of on October 28, 2025, sought to restrain the bank from conducting a personal hearing until all relevant materials were furnished to the petitioner and a fair opportunity to respond was provided.

The legal proceedings unfolded as Justice Sandesh D. Patil presided over the matter during the court's vacation session. The petitioner, represented by a team of advocates led by Mr. Ankit Lohia, argued that the scheduled hearing on October 30, 2025, based on a show cause notice issued to Mr. Ambani, would cause substantial prejudice if conducted without prior access to pertinent documents.

Despite these concerns, the court was disinclined to grant any ad-interim relief. Consequently, on receiving instructions, Mr. Lohia indicated the petitioner's decision to withdraw the petition. The withdrawal was made with the liberty to appear before IDBI Bank under protest and to raise all contentions initially presented in the petition.

The court also granted the petitioner the liberty to contest any adverse order before an appropriate forum, a move to ensure that Mr. Ambani's rights to due process remain protected. Mr. Zarir Bharucha, senior counsel for IDBI Bank, expressed no objection to this arrangement.

As a result, the writ petition was disposed of without any commentary on the merits of the case. The court's decision to permit withdrawal with liberty underscores a tactical retreat by Mr. Ambani, allowing him the flexibility to contest any unfavorable outcomes in future legal forums.

The case highlights the procedural nuances in financial disputes and the strategic decisions often employed in high-stakes litigation. As the matter progresses, all eyes will be on subsequent developments and any potential rulings that may arise from the respondent's forthcoming actions.

Bottom Line:

Writ Petition disposed of as withdraw

n with liberty to petitioner to raise all contentions before the respondent and appropriate forum in case of adverse order.

Statutory provision(s): None mentioned in the judgment.

Anil D. Ambani v. IDBI Bank Limited, (Bombay) : Law Finder Doc Id # 2800637