Naresh Goyal moves court to contest ‘fraud account’ tag by SBI

Naresh Goyal and his wife Anita Goyal, the original promoters of Jet Airways NSE -0.95 %, have moved court, challenging a decision by the country’s largest lender State Bank of India NSE 1.95 % (SBI NSE 1.95 %) to club them with the airline they founded in the list of ‘fraud accounts’.

While the Goyals were neither guarantors nor direct borrowers, including them in the ‘fraud’ list could trigger criminal proceedings and put them under the lens of government investigative agencies.