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 of India acknowledged that judges can make mistakes and emphasized the importance of correcting errors in past orders, even after a case is closed. This recognition arose while revisiting a previous decision involving Indiabulls Housing Finance, where the court had granted protection and stayed debt recovery and money laundering proceedings against the company and its officials.
