A forensic expert of legendary standing, Dr Kislay Panday, the trailblazer solicitor practicing in the Supreme Court of India, has shaken huge business empires which operated with impunity on the sheer strength and arrogance of power and pelf

Once funds are released, NBCC will construct these flats under SC-appointed panel's supervision; projects chosen for investment are Silicon City 1 and 2, Crystal Homes, Centurion Park Low Rise, O2 Valley and Tropical Garden

The UCO bank, which has shown its inclination to provide loan had earlier told the court through court receiver that it can provide fund to the tune of Rs 2000 crores while keeping the unsold inventory of 5221 units as mortgage

Additional Solicitor General Sanjay Jain, appearing for ED, told the bench that the probe agency has so far prima facie identified Rs 187 crore in the accounts of JP Morgan, which according to them are proceeds of crime under the anti-money laundering law

The Centre, in its six-page note submitted to a bench headed by Justice D Y Chandrachud, said it is prepared to revisit its proposal of December 2017, to remove the existing management of Unitech Ltd and appoint ten nominee directors of the government

JP Morgan had invested Rs 85 crore on October 20, 2010, to have a preferential claim on profits in the ratio of 75 per cent to JP Morgan and 25 per cent to promoters of Amrapali Homes Project Private Limited and Ultra Home

Banks have gone through a slightly worrying period wherein decision making was getting difficult because of fear of 3Cs. There was concern and bona fide decisions are not being made by banks because of what they would say undue harassment, says Nirmala Sitharaman

Sitharaman said in the past there had been worries and concerns among bankers about investigating agencies, which impacted bonafide decisions

The audit report stated that DHFL disbursed loans and advances to inter-connected entities seemingly linked to its promoters, and repayments to the tune of Rs 12,541 crore by 28 such entities are untraceable. In addition, the report red-flags loan disbursal without proper documentation to several companies boasting minimal operations

PMC bank scam: The Mumbai police had arrested HDIL directors Rakesh Wadhawan and Sarang Wadhawan on Thursday last week in relation to the PMC Bank fraud. Singh was arrested on Saturday last week.

While the priority for the Economic Offences Wing of the Mumbai Police is to interrogate the arrested parties involved in the Rs 4,355 crore loan fraud at the Punjab and Maharashtra Co-operative (PMC) Bank, the buzz is that the findings of the auditors submitted in past financial reports may also be scrutinised as part of the investigations

The Justice Arun Mishra-led bench on August 26 had asked instructed Lahoty to provide it with project-wise details of the people who are at present are living in various apartments of the projects of the beleaguered Amrapali Group.

The Supreme Court directed that the forensic audit report should be handed over to the Director of Enforcement Directorate, Commissioner of Police and chairperson of ICAI, within seven days to facilitate the ongoing investigation in the case

The beleaguered auditors Deloitte Haskins and Sells, and BSR and Co (a KPMG affiliate) are faced with several chargesheets, petitions, show-cause notices and requests for information from six probe agencies.

The corporate affairs ministry told a company law tribunal that the companies \"miserably failed\" to fulfil their duties as auditors for IL&FS Financial Services (IFIN)