Sammaan Capital falls 5% from day's high as Delhi Police files fresh FIR in probe against ex-promoters

Sammaan Capital falls 5% from day's high as Delhi Police files fresh FIR in probe against ex-promoters

Shares of NBFC Sammaan Capital fell 5% from day's high on December 17 as CNBC-TV18 reported that Delhi Police’s Economic Offences Wing (EoW) has registered a fresh FIR as part of its ongoing investigation linked to the former promoters of the firm.

On December 17, Supreme Court directed Central Bureau of Investigation (CBI) to take a final call on registering an FIR in this case, within one week, reported CNBC-TV18.

Supreme Court directed CBI to collect documents from Ministry of Corporate Affairs (MCA), SEBI, Enforcement Directorate (ED) so that registration of FIR could be considered, the channel further reported.

The apex court will take up the case in the second week of January 2026.

On December 17, Sammaan Capital shares closed trading 1% lower at Rs 145.5 apiece, down 5 percentage points from day's high of Rs 153.2.

The case in the Supreme Court is based on an appeal against an earlier order by the Delhi High Court, which in February 2024 dismissed a plea by Prashant Bhushan’s Citizen Whistle Blower Forum (CWBF).

The plea claimed there were irregularities in lending practices of Sammaan Capital, involving loans to five borrower group companies, and alleged quid pro quo between the five borrower groups and the erstwhile promoter Sameer Gehlaut.

The petition sought directions for investigation by statutory and regulatory authorities, including Reserve Bank of India (RBI), National Housing Bank (NHB), market regulator SEBI and Ministry of Corporate Affairs.

"Sammaan Capital is a publicly listed company with no defaults, no outstanding dues, and no investigations or proceedings pending before any regulatory or enforcement agency, including SEBI, RBI, MCA, or the CBI. This position was earlier placed before the High Court as well, where all regulators had already given a clean chit. The present petition before the Supreme Court does not contain any allegation against Sammaan Capital," Mukul Rohatgi, senior advocate and counsel for Sammaan Capital, had said.