BANKLOOT
Moneylife Digital Team 25 March 2026
Industrialist Anil Ambani has written to Union finance minister (FM) Nirmala Sitharaman seeking a time-bound, structured settlement of outstanding bank dues, invoking the precedent of the Sandesara family case, even as he faces ongoing investigations into alleged bank frauds running into tens of thousands of crores.

Read More

Moneylife Digital Team 18 March 2026
Indian banks have written off loans worth more than ₹19 lakh crore over the past 11 financial years, with a notable shift in trends as retail loans emerged as the largest contributor to write-offs in FY24–25, according to data shared by the Union ministry of finance in Parliament.

Read More

Moneylife Digital Team 17 March 2026
The Supreme Court has questioned Securities and Exchange Board of India (SEBI) over its decision to continue proceedings against former Sterling Biotech Ltd promoters Nitin and Chetan Sandesara, despite an earlier apex court order quashing all criminal cases following a ₹5,100 crore one-time settlement.

Read More

Moneylife Digital Team 17 March 2026
The total outstanding amount owed by wilful defaulters to Indian banks and financial institutions stood at ₹383,264 crore as of 31 March 2025

Read More

Moneylife Digital Team 13 March 2026
The directorate of enforcement (ED) has provisionally attached 31 immovable properties worth ₹581.65 Crcre in connection with an alleged bank fraud involving Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL).

Read More

SN Thyagarajan (Bar Bench) 19 February 2026
Industrialist Anil Ambani has filed an undertaking before the Supreme Court that he will not leave India without prior permission of the Court and will continue to cooperate with investigating agencies in connection with probe against him for large-scale bank fraud by Reliance Communications (RCOM) its group entities (EAS Sarma Vs Union of India).

Read More

Moneylife Digital Team 18 February 2026
The Supreme Court has agreed to examine allegations of undervaluation and irregularity in one-time settlement (OTS) deals entered into by Asian Hotels (North) Pvt Ltd with two public sector banks

Read More

Moneylife Digital Team 13 February 2026
The Mumbai zonal office of the directorate of enforcement (ED) has provisionally attached immovable properties worth ₹132.85 crore in connection with the ₹1,438 crore bank fraud case involving Ushdev International Ltd (UIL).

Read More

Moneylife Digital Team 10 February 2026
The directorate of enforcement (ED) is set to issue fresh summons to Tina Ambani, wife of Reliance Anil Dhirubhai Ambani group (ADAG) chairman Anil Ambani

Read More

Debayan Roy (Bar Bench) 04 February 2026
The Supreme Court on Wednesday directed the Enforcement Directorate (ED) to constitute a Special Investigation Team (SIT) dedicated to investigating allegations of large-scale bank fraud by Reliance Communications (RCOM), its group entities and Anil Ambani (EAS Sarma v. Union of India).

Read More

Moneylife Digital Team 21 January 2026
The Bombay High Court (HC) has refused to entertain a petition filed by fugitive diamond trader Jatin R Mehta challenging provisions of the Fugitive Economic Offenders (FEO) Act, 2018

Read More

Moneylife Digital Team 06 January 2026
The Supreme Court (SC) on Tuesday granted bail to Amtek group's promoter and former chairperson Arvind Dham, in a money laundering case arising out of an alleged multi-crore bank fraud

Read More

Moneylife Digital Team 12 December 2025
India’s banking system has written off nearly ₹8.90 lakh crore in non-performing assets (NPAs) over the last five financial years and the current year up to September 2025

Read More

Moneylife Digital Team 24 November 2025
The Supreme Court (SC) has agreed to close all criminal cases against Nitin and Chetan Sandesara, the billionaire promoters of the Sterling Biotech group, once they deposit ₹5,100 crore by 17 December 2025.

Read More

SN Thyagarajan (Bar Bench) 17 November 2025
A public interest litigation (PIL) has been filed before the Supreme Court seeking a court-monitored investigation into what is described as a massive banking fraud involving Reliance Communications (RCOM)

Read More

Moneylife Digital Team 29 October 2025
Industrialist Anil Ambani has withdrawn his petition before the Bombay High Court challenging the ongoing fraud proceedings initiated by IDBI Bank in relation to a Rs750-crore loan granted to the now-insolvent Reliance Communications Ltd (RCom).

Read More

Moneylife Digital Team 05 September 2025
In a major development, Bank of Baroda (BoB) has classified the loan accounts of Reliance Communications Ltd (RCom) and its former director Anil Dhirajlal Ambani as ‘fraud’, making it the third state-run lender to take such action against the debt-laden telecom company and its promoter.

Read More

Moneylife Digital Team 05 September 2025
The directorate of enforcement (ED) has launched a major probe into Arvind Remedies Ltd and the company promoter, Arvind B Shah, following allegations of a massive bank fraud amounting to Rs637 crore.

Read More

Moneylife Digital Team 29 August 2025
Days after State Bank of India (SBI) classified Reliance Communications Ltd’s (RCom) loan accounts as fraudulent, another state-run lender Bank of India (BoI) has also flagged loans of the debt-ridden telecom company, its promoter Anil Ambani, and associated entities as fraud. In a disclosure to stock exchanges, RCom says last week it had received a letter from BoI informing the company that the Bank had decided to treat its loan account as fraudulent along with those of Ambani and former director Manjari Ashok Kacker.

Read More

Free Helpline
Legal Credit
Feedback