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Mumbai News: EOW Probes Alleged Closed-Loop Funding And Collusive Loan Deals Between YES Bank And Suraksha ARC
Economic Offences Wing, Mumbai Police has launched a preliminary enquiry into allegations of closed-loop funding and collusive loan assignments involving YES Bank and Suraksha Asset Reconstruction Private Limited following a complaint by a former promoter of Housing Development and Infrastructure Limited.
cityfalcon.com·1mo ago
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Mumbai News: HDILs Rakesh Wadhawan Opposes Suraksha ARCs 1,709 Crore Claim, Threatens NCLT Action Over Alleged Fraud
Rakesh Kumar Wadhawan, the suspended director of Housing Development and Infrastructure Limited (HDIL), has addressed a letter to Abhay Manudhane, the Resolution Professional (RP) appointed in HDIL’s Corporate Insolvency Resolution Process (CIRP), strongly objecting to his decision to admit the claim of Suraksha Asset Reconstruction Company Limited (Suraksha ARC) amounting to Rs 1,709.69 crore.
cityfalcon.com·10mo ago
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