The Delhi High Court questioned why Union Bank issued a fraud-related show cause notice to Jai Anmol Ambani after Reliance Home Finance’s resolution plan was already approved by lenders and the Supreme Court. While refusing to stay the proceedings, the Court directed the Bank to hear Ambani and pass a reasoned order, subject to the High Court’s final decision.
The Supreme Court of India has mandated the Delhi High Court to decide on the bail application of Kapil Wadhawan, former DHFL promoter, within two weeks. Wadhawan has been in custody since July 2022 amid a multi-crore bank fraud investigation. The directive aims to ensure timely judicial decisions regarding personal liberty.
Delhi High Court Judge Yashwant Varma has been named in a CBI FIR related to a sugar mill cash row. The case involves alleged financial irregularities linked to the sale of sugar mills. The FIR reportedly includes serious accusations against multiple individuals. Authorities are investigating the extent of involvement and financial transactions.
On Tuesday(18th June),The Supreme Court adjourned the hearing of Punjab AAP MLA Jaswant Singh Gajjan Majra’s plea challenging his arrest by the Enforcement Directorate in a money laundering case to July 1. The adjournment was requested by the ED’s counsel, and follows the Supreme Court’s earlier denial of interim bail and the Punjab and Haryana High Court’s dismissal of Majra’s plea.
Jet Airways founder, Naresh Goyal, has been placed under a 14-day judicial custody in relation to an alleged fraud of Rs 538 crore involving Canara Bank. This development follows Goyal’s arrest by the Enforcement Directorate (ED) on September 1. As per the reports, the ED arrested him “under the Prevention of Money Laundering Act (PMLA) […]
