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 Bombay High Court had on Monday refused to grant bail to Kapoor.

ED claims that HDIL allegedly siphoned off Rs 160 crore to many companies belonging to Viva Group on garb of commission

The BharatPe-Centrum combine is one of the four bidders that have made submissions to the Reserve Bank of India for acquiring PMC Bank. The other bidders include UK's Liberty Group and two independent business houses

The RBI-appointed administrator for PMC Bank issued a public notice seeking a bid for Dassault Falcon 200 (VT-HDL) and Challenger 300 (VT-PIL), and one yacht (Ferreti 881 HT) this week

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

CBI alleged that YES Bank had given loan to a company named Mack Star in which HDIL was a minority shareholder

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 three hotels, that have been attached by the ED, are owned by Libra Realtors Pvt Ltd, Deewan Realtors Pvt Ltd, Rakesh Kumar Wadhawan, Romy Mehra, Libra Hotels Pvt Ltd and its directors

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

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

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

Rating for debenture was initially downgraded from A- to BBB- in September 2019 and later from BBB- to BB in March this year

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

In a major change from the past, the draft rules propose that every employer has to issue wage slips, electronically or physically to the employees. This would add to transparency and reduce harassment of workers

The pain of the COVID-19 pandemic and the performance of the company is broadly in line with what was envisaged, said the management

While tables and chairs are the best sellers, consumers are also buying dining tables and couches, and a bulk of these purchases are happening online

The company's finance cost comes to 6.55 per cent of gross debt, while the return from cash investments comes to around 8 per cent

Rajesh Bhushan of MoHFW said, \"We are the second-most populous country in the world. Despite a population of 1.3 billion people, India has been able to manage COVID-19 relatively well\"

The new Civic is powered by 1.6-litre turbo diesel engine mated and is paired to a six-speed manual transmission. The vehicle develops 120 PS of power and delivers a fuel economy of 23.9 km per litre