The Supreme Court is hearing a plea alleging financial irregularities by Indiabulls Housing Finance and its promoters. Noting ED and EOW FIRs and ongoing probes, the Court directed the CBI Director to take a final call and file a fresh affidavit.
The Supreme Court held that nationwide consolidation of FIRs with different witnesses, evidence, and laws is not permissible, allowing clubbing only for FIRs from the same incident, while rejecting a plea to merge multi-crore scam FIRs.
