Hdil

PMC Bank scam case: Rakesh Wadhawan's bail plea denied

Rakesh Wadhawan was arrested in October, 2019, along with Sarang Wadhwan in connection with the irregularities submitted in the Punjab and Maharashtra Co-operative (PMC) Bank case.

Viva Group money-laundering probe: Enforcement Directorate takes Rana Kapoor into custody

YES Bank co-founder remanded to custody until January 30. ED to grill him on loans given to HDIL for renovation of a newly constructed building in a Mumbai suburb

CBI books HDIL promoters Wadhawans for Rs 200-crore loan fraud in Yes Bank: Officials

It is alleged that Yes Bank had given loan to Mack Star in which HDIL was a minority shareholder.

Adani group, Suraksha, Sunteck Realty submit EOI to acquire debt-laden HDIL

Adani Properties and Suraksha group had participated in the insolvency resolution process of Jaypee Infratech, which eventually was acquired by the state-owned NBCC.

NCLAT upholds NCLT order to initiate insolvency against HDIL, rejects Rakesh Wadhwan's plea

Earlier on August 20, 2019, the Mumbai bench of National Company Law Tribunal (NCLT) had directed to initiate insolvency proceedings against HDIL, after allowing the insolvency plea filed by Bank of India, claiming default of a loan of Rs 522 crore by the realty firm.

HDIL CFO, company secretary Darshan Majmudar resigns

"Since the company is under corporate insolvency resolution process, the resignation of Darshan Majmudar as a chief financial officer (CFO) and company secretary of the company will be put before members of committee of creditors for their consideration and approval at the ensuing meeting," HDIL said in a regulatory filing.

SC stays Bombay HC order directing sale of HDIL assets to repay dues of PMC bank

A bench comprising Chief Justice S A Bobde and justices B R Gavai and Surya Kant took note of the appeal of the Reserve Bank of India against the Bombay High Court order.

PMC Bank case: ED's burning of the midnight oil, delayed paperwork stalls exit of Wadhawans from jail

An appeal filed by the Enforcement Directorate challenged a Bombay High Court order that allowed the shifting of HDIL promoters Rakesh and Sarang Wadhawan, those accused in the Rs 6,800 crore PMC Bank scam case, from Mumbai's Arthur Road prison to their residence.

PMC Bank scam: SC to hear today plea against HC order directing shifting of HDIL promoters from jail

Solicitor General Tushar Mehta mentioned the matter before a bench headed by Chief Justice S A Bobde and said the Punjab and Maharashtra Cooperative (PMC) bank scam involved Rs 7000 crore and the high court had on Wednesday passed a very "unusual order" while hearing a public interest litigation (PIL).

PMC Bank scam: Bombay HC sets up panel for sale of HDIL assets

A division bench of Justices R V More and S P Tavade said the committee would be headed by retired high court judge S Radhakrishnan.

PMC Bank fiasco: ED probe reveals bank paid the price for preferential treatment to HDIL

HDIL was taking undue liberty even before its IPO was launched in 2007.

PMC Bank scam: Anu Wadhawan drew Rs 70 lakh/month pay; unaware of source of funds behind her bungalows

Wives of Sarang and Rakesh Wadhawan owned a vast number of properties but claim to be unaware of the source of funds for the purchases.

HDIL, its promoters have to repay loan to PMC Bank: Bombay HC

The court also said that the assets of HDIL and Wadhawans must be sold at the earliest in the interest of the PMC Bank and its depositors.

No objection if HDIL properties are sold off, Wadhawan tells Bombay High Court

Sarang and his father, HDIL promoter Rakesh Wadhawan are currently in judicial custody after the duo were arrested in connection with an alleged scam at PMC Bank.

PMC Bank scam: ED files chargesheet against HDIL promoters

The agency submitted its charge sheet, running into around 7,000 pages, before a special court set up under the Prevention of Money Laundering Act (PMLA).

Bulls push Sensex above 41K, but dump small-caps; 48 stocks fell 10-20% in a week

The Sensex is just 0.38 percent and the Nifty about 0.6 percent away from hitting fresh record highs.

PMC Bank scam: RBI, others move closer to selling HDIL land to return depositor money

The Reserve Bank of India, Enforcement Directorate, the Economic Offences Wing of the Mumbai Police and administrators of PMC Bank have formed a coordination team to expedite action in the PMC Bank case.

Did not know about loans to HDIL, says PMC Bank director

Surjit Singh Narang (71) has filed an anticipatory bail application before additional sessions judge ST Soor.