PIL Seeking Probe Against Anil Ambani- Supreme Court Hearing-Live Updates

SG: we may not be able to compound the offenses

J Bagchi: if the forensic auditor says there is a collusion, then what is stopping you from taking the sanction?

Sr Adv Mukul Rohatgi for Respondent no.5

Rohatgi: whether we have an SIT , if the affidavit filed by the ED they have set out what they are doing, I have a proposal to make- in the sense, since the govt is here, if to the good offices of the Court, they can form a committee and lets have a look at it, what amount is due, that is one way to look at it, instead of going for prosection, these are my instructions

SG: we are not averse to registering seperate, severable offenses

Bhushan ; Bank of Baroda details the manner in which the funds were lodged out, the bank has not registered complaint till 2025, first arrest happened only day before yesterday, this is the largest bank fraud committed

CJI: nature of offense may be the same, but the complainants are different, the manner of transactions are different, ultimately it will constitute seperate offences, why are they not registering those

SG: the approximate siphoning of the funds in 40,000 crores

CJI: one thing disturbing is , CBI says that on the basis one bank's complaint, FIR is constituted

SG: first FIR comes from SBI, thereafter other banks also came foward