The Supreme Court on Thursday dismissed petitions filed by Anil Ambani challenging a Bombay High Court order that allowed banks to continue proceedings to classify certain loan accounts as fraudulent, reported the PTI.

A bench led by Chief Justice Surya Kant, along with Justices Joymalya Bagchi and Vipul M Pancholi, permitted Ambani to pursue his case before a single judge bench of the High Court.