Tag: CBI investigation

IndustryLatest Stories

Delhi: Signature View Apartments Demolition Delayed for Proof

NEW DELHI: The Delhi Development Authority’s initiative to demolish and reconstruct Signature View Apartments has been temporarily halted despite approvals from the Supreme Court and Delhi High Court. The Central Bureau of Investigation (CBI) is investigating allegations of irregularities and corruption concerning the construction of these towers and has requested the Authority to suspend the demolition until it gathers necessary evidence from the site. Facing tight deadlines while simultaneously paying rent to former tenants, the Authority informed the High Court on Friday about the CBI’s directive and requested judicial intervention. Senior advocate Sanjay Jain, representing the land-owning organization, noted that…

Housing FinanceLatest Stories

CBI: No Irregularities Found in Indiabulls, Tells SC

NEW DELHI: The CBI informed the Supreme Court on Wednesday that it is not investigating any irregularities involving Indiabulls Housing Finance Limited (IHFL), currently known as Sammaan Capital Limited. The agency has found no wrongdoing related to the company’s disbursal of loans to corporate entities. Additional Solicitor General SV Raju presented this information to the bench of Justices Surya Kant and Joymalya Bagchi, stating that there were no findings concerning allegations that Indiabulls distributed dubious loans. Senior advocates Harish Salve and Mukul Rohatgi, representing the company’s promoters, claimed these allegations are fabricated, noting that the petitioner NGO Citizens Whistle Blower…