In the Lok Sabha, Nirmala Sitharaman said the Fugitive Economic Offenders Act (FEOA), 2018 was enacted to deter economic offenders from eva...

A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi took note of the submissions of lawyer Ashwini Upadhyay and issued ...

Anil Ambani's Reliance Communications has been accused of loan fraud exceeding ₹14,000 crore, according to ED sources. SBI has labelled RCo...

The National Company Law Tribunal (NCLT) has ruled that a moratorium under the IBC doesn't prevent banks from classifying accounts as fraud...

NCLAT clarified that NCLT can order investigations into company affairs under the Companies Act in IBC cases, but only after providing conc...

The Enforcement Directorate (ED) returned ₹4,025 crore to JSW, the successful bidder for Bhushan Power and Steel Ltd's assets under the Ins...

The finance ministry convened a meeting with public sector banks, government agencies, and investigative bodies like the CBI to expedite ba...

NCLT also imposed a fine of Rs 1 crore on Wave Megacity for attempting to play fraud on thousands of homebuyers by filing a petition under ...

The anti-fraud investigation office has been probing BPSL and its erstwhile management for alleged irregularities under the Company Law for...

“The liquidator is permitted to sell the assets of the corporate debtor…which were attached by the Enforcement Directorate, subject to the ...

A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 s...

In a petition moved before the NCLAT, the SFIO submitted that it being a statutory investigative office can direct to investigate into the ...

Last year, soon after the scam came to light, Firestar Diamond had filed for bankruptcy in New York.

He is accused of siphoning off around Rs 2000 crore from the loans availed by Bhushan using more than 80 companies.

Ruchi Soya, Sterling Biotech and Kanishk Gold are among the firms whose cases have been forwarded for probe.

Fear is that some of the bidders may be using old promoter’s money through round tripping.

US-based risk consulting firm Kroll says entire process going to become a legalised and formal way of writing off fraud.