A consortium of public sector banks, including IDBI Bank, Indian Overseas Bank, and Bank of Baroda, has appealed to the Bombay High Court to lift a stay on declaring Anil Ambani's and Reliance Communications' accounts as fraudulent. The banks argue a forensic audit report, which led to the fraud declaration, is legally valid despite claims it was not signed by a qualified chartered accountant as per RBI guidelines. A single judge had previously stayed actions, citing non-compliance with RBI Master Directions, a decision the banks now challenge.