The order was passed by Justice SV Kotwal, who had reserved the judgement on October 23, after hearing their bail pleas for three days

Earlier this month, Dewan Housing Finance Corporation Ltd (DHFL) had received four bids for either picking up stake in the company or buying out assets

Sebi says violations are \"very grave in nature \" and amount involved in fraudulent transactions is of a very high magnitude; DHFL promoters engaged in fraudulent transactions worth Rs 14,046 crore from April 1, 2006, to March 31, 2019, said the order

As per the report prepared by the transaction auditor, the concerned transactions occurred during financial years 2006-2007 to 2018-19, DHFL said in a regulatory filing

Debt investors need to tread carefully in the fixed income market as the balance sheets of the two biggest issuers - the government and corporate sector - are not in the pink of health

The Dewan Housing Finance Corporation promoters will, however, remain in jail as CBI is still investigating them on the similar charges of money laundering 

That shadow banking was at the core of the financial sector meltdown that led to the Great Recession of 2007-08 is well documented and so is the fact that it remains big and powerful enough to cause serious financial crisis and yet, India and the US continue to promote it

RBI has warned that economic disruptions may intensify systemic risks to India's financial sector primarily because NBFCs remain vulnerable with their deteriorating asset quality and reluctance of the market to lend them money. On the global front, there is little to cheer about shadow banking

PNB share price fell up to 6.74% to Rs 34.6 against previous close of Rs 37.10 on BSE. The large cap stock has lost 6.31% in two days

PNB reports over Rs 3600 crore loans to DHFL as fraudPunjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion rupees ($491 million) to India's central bank as \"fraud.\" Indian state-owned lender PNB, which was hit by a $2 billion fraud involving billionaire Nirav Modi in 2018, had already set aside 12.5 billion rupees in provisions for the loans to DHFL, which is in bankruptcy proceedings.Uttar Pradesh govt imposes corona...

Stocks to watch today on July 10: TCS, RIL, PNB, Tata Motors, Dr Reddy among others are the top stocks to watch out for in Friday's trading session

Indian state-owned lender PNB, which was hit by a $2 billion fraud involving billionaire Nirav Modi in 2018, had already set aside 12.5 billion rupees in provisions for the loans to DHFL, which is in bankruptcy proceedings

The company is currently under moratorium under the Code (IBC) since November 29, 2019 and hence, it is not in a position to make payment of interest or principal to any of the lenders of the company, including the NCDs holders

CBI had registered the case on March 7 in connection with suspicious loans sanctioned by Yes Bank and alleged quid pro quo kickbacks received by Kapoor and his family from DHFL's Wadhawans

The case was registered on March 7 by the CBI in connection with suspicious loans granted by YES Bank and alleged quid pro quo between the bank's founder, Rana Kapoor and DHFL promoters Kapil and Dheeraj Wadhawan

The Wadhawan brothers are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which is also probing the same case

The ED has charged the duo in two cases one pertaining to alleged irregularities in the investment of EPF of the UPPCL and the second relating to laundering of over Rs 4,000 crore through Yes Bank

Coronavirus in India Live Updates: Number of 'containment zones in Delhi raised to 30 with addition of 6 new areas including Nabi Karim, E pocket GTB Enclave, Street No. 18 to 22 of Zakir Nagar and nearby area of Abu Bakar Masjid, Zakir Nagar

Shell companies are intrinsic to the global and Indian economy, but they require a high level of oversight to prevent them from becoming conduits for illicit financial flows

According to an ED official, Sameer Gehlaut of Indiabulls Housing Finance has been summoned on March 20 and Avantha Realty promoter Gautam Thapar on March 21