Archive · 18 Dec 2025
Court Orders CBI to Decide on Indiabulls Loan Probe
The Supreme Court of India has asked the CBI Director to decide within a week whether to form a special team to investigate Indiabulls Housing Finance Ltd (now Sammaan Capital Ltd) for alleged unfair practices in giving loans.
The court noted that the CBI is receiving documents and a new complaint from another agency, the ED, and wants the CBI to make a final decision quickly.
The court did not comment on the CBI's previous actions but emphasized the need for a prompt decision.
Supreme Court directs CBI to decide on forming an SIT to probe Indiabulls' loan irregularities within a week.
Allegations involve quid-pro-quo arrangements in loans given to corporate groups.
Court notes CBI is receiving documents and a fresh complaint from the ED.
Two-judge bench presided by Chief Justice of India Surya Kant issued the directive.
CBI must submit a fresh affidavit of compliance after making a decision.
- Who
- Supreme Court of India, CBI Director, Indiabulls Housing Finance Ltd (now Sammaan Capital Ltd)
- What
- Directives to form a Special Investigation Team (SIT) to probe alleged loan irregularities
- When
- Within one week from the order
- Where
- India
- Why
- To investigate alleged quid-pro-quo arrangements in loans given to corporate groups
- Organization Involved
- Indiabulls Housing Finance Ltd (now Sammaan Capital Ltd)
- Allegations
- Quid-pro-quo arrangements in loans
- Court's Directive
- CBI to decide on SIT formation within a week
- Court Involved
- Supreme Court of India
- CBI's Response Time
- One week
- Additional Information
- Fresh complaint from ED on December 15
- Court's Bench
- Two-judge bench presided by Chief Justice of India Surya Kant
