Tag: Sammaan Capital Limited

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SC Requests MCA Records on Indiabulls Complaint Closures

NEW DELHI: The Supreme Court on Wednesday instructed the Ministry of Corporate Affairs to submit the original records related to the closures of irregularities identified by the Securities Exchange Board of India (SEBI) concerning Indiabulls Housing Finance Limited, now known as Sammaan Capital Limited. A bench comprised of Justices Surya Kant, Ujjal Bhuyan, and N Kotiswar Singh requested Additional Solicitor General SV Raju, representing central investigating agencies, to clarify how many cases have been closed. “We wish to understand the extent of your leniency in resolving hundreds of objections,” Justice Kant remarked, directing that a senior official from the Ministry…

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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…