The Reserve Bank of India (RBI) has lowered benchmark interest rates at its last two reviews to perk up the sluggish economy.
The searches were conducted at the premises of Chanda Kochhar, her family and Venugopal Dhoot of Videocon Group in Mumbai and Aurangabad.
A bench headed by Justice Rohinton F Nariman ordered Ambani and the RCom companies to pay up Rs 453 crore with interest within four weeks.
The contract of 2016 was concluded at 2.86% less than the price of the 2007 offer.
Appearing for the Kerala government, advocate Jaideep Gupta made it clear that the government was opposing the review petitions as no grounds had been made out for review.
The top court slammed Bhushan for passing comments on a sub-judice matter and subsequently served him a notice.