non-performing asset
CBI Files Fraud Case Against Anil Ambani's Son: Rs 228 Crore Bank Fund Misappropriation Investigation
Dec 09, 2025 05:09 pm CST
The CBI has launched an investigation against Jai Anmol Ambani and Reliance Home Finance Ltd for allegedly defrauding Union Bank of India of Rs 228 crore. The case involves accusations of fund diversion, account manipulation, and breach of trust after the company failed to meet financial obligations, resulting in the account being classified as a non-performing asset in 2019.
Delhi High Court Rules SC/ST Act Cannot Override Bank's Legitimate Mortgage Rights
Oct 23, 2025 10:15 am CST
The Delhi High Court has ruled that provisions of the SC/ST Act regarding land dispossession cannot be used to prevent banks from exercising lawful mortgage rights. Justice Sachin Datta stayed proceedings against Axis Bank initiated by the National Commission for Scheduled Tribes, declaring the Commission lacked jurisdiction in a case involving a defaulted Rs 16.69 crore loan secured by mortgaged property.