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SC widens probe into dubious loans disbursed by Indiabulls

Hindustan Times Noida

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October 09, 2025

The Supreme Court on Wednesday deepened its enquiry into the dubious loans disbursed by non-banking financial company Indiabulls Housing Finance Limited (IHFL) to corporate entities by directing the Union government to produce original records of the Ministry of Corporate Affairs (MCA) that condoned multiple irregularities found against the company by Securities and Exchange Board of India (SEBI).

- Abraham Thomas

SC widens probe into dubious loans disbursed by Indiabulls

The court directed ED to explain further steps being taken in this regard.

(ISTOCKPHOTO)

Hearing a public interest litigation filed by a nonprofit organisation Citizens Whistle Blowers Forum, the top court noted that the irregularities pointed out by SEBI were either closed or compounded by MCA and wished to know if the Centre has been so "magnanimous" in other cases as well.

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