On May 13, 2025, the Supreme Court of India issued a notice to the Central Bureau of Investigation (CBI) in response to a petition seeking a probe into alleged financial misconduct by the former promoters of Indiabulls Housing Finance Limited (IBHFL), now known as Sammaan Capital. The petition, filed by the Citizens Whistle Blower Forum, alleges that the promoters siphoned off public funds through dubious loans and round-tripping schemes. The Securities and Exchange Board of India (SEBI) acknowledged certain regulatory violations by IBHFL and issued an administrative warning, also informing the Reserve Bank of India (RBI) and the Ministry of Corporate Affairs.

Previously, the Delhi High Court had dismissed a similar plea, citing insufficient evidence. However, the Supreme Court’s recent directive indicates a renewed scrutiny into the alleged financial irregularities involving IBHFL and its former promoters.

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