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.
Shabab Hussain, already under investigation in Uttarakhand’s massive LUCC scam, has been summoned by a Mumbai court in a separate Rs 4.44 crore cheque bounce case linked to an aviation training firm. The case adds fresh legal pressure as multiple probes continue across states.
Today, On 16th April, In a major relief to Kerala CM’s daughter Veena Vijayan, the Kerala High Court ordered a status quo in the SFIO probe. The court directed that no further steps be taken for two months in the Rs.182 crore fraud case involving Cochin Minerals and a firm linked to her.
