The legal issue arose during the hearing of an Enforcement Directorate appeal against a Bombay High Court order granting bail to former DHFL promoters, Kapil Wadhawan and Dheeraj Wadhawan, in a Yes Bank money laundering case being probed by the agency

The administrator of the company received an initial report from the professional agency appointed as the transaction auditor indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, DHFL said in a regulatory filing

Kamal Gupta, Chairman of Omkar Realtors and Developers, and Babulal Verma, Managing Director of the firm, have been arrested in connection with the alleged Rs 22,000 crore Slum Rehabilitation Authority (SRA) scam case

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

The valuation of these projects including Juhu Galli project and Irla project are about Rs 43,879 crore that to at a 15 per cent lesser market value

The key findings of the report by Grant Thornton allude to hundreds of fictitious loan accounts, demand for recoveries amounting to Rs 14,046 crore, and deposits routed through an imaginary entity in Bandra

The Enforcement Directorate has seized a posh apartment of jailed Yes Bank founder Rana Kapoor situated in Central London

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

IPS Officer Amitabh Gupta was the principal secretary with the Maharashtra home department when he granted permission to 23 members of the Wadhawan family to travel to Mahableshwar from Mumbai for a \"picnic\" in April

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

The private sector lender said it then applied to the RBI, seeking permission for continuation of use of the requested facilities by Gill

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

YES Bank share price opened with a loss of 15.29% and later fell 16.86% to an intraday low of Rs 21.2 against the previous close of Rs 25.50 on BSE

Yes Bank case: Apart from the Wadhawans, the entities used by Rana Kapoor and his family members for offering and borrowing loans would be named in the chargesheet as accused

Yes Bank case: Kapoor's properties seized by the ED are across Mumbai, London, Delhi and New York. The Wadhawans' properties are located in Mumbai, Australia, Pune and London

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

A bench of Justices Sanjay Kishan Kaul and B R Gavai dismissed a batch of four pleas after senior advocate Mukul Rohatgi, appearing for the Wadhawans, said that he was not pressing his prayer for relief

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