The assets belong to Maharashtra builders Avinash Bhosale and Sanjay Chhabria. Both have been arrested under Prevention of Money Laundering Act (PMLA).
SC had stayed UP Police's criminal proceedings against Yes Bank ex-CEO Kapoor & Videocon founder Dhoot last month. Chandra alleges Kapoor arm-twisted him into agreeing merger between Dish TV and Videocon in 2016.
Having been rescued by a group of lenders in March 2020, Yes Bank is looking to build on its highest quarterly profit since the end of 2018, helped by fee income and loan recoveries.
Kapil and Dheeraj Wadhawan, promoters of DHFL, sought default bail claiming that CBI had not complied with the procedural requirements under the CrPC while filing the chargesheet.
Bank’s lending growth was substantially over the average credit growth of the banking industry, with experts saying the board should have been more proactive in flagging it.
Doubts over foreign bidders, including Canada’s Erwin Singh Braich and Hong Kong-based SPGP Holdings, have triggered concerns that RBI might not allow them to take ownership stakes.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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