WADHAWANS
NCLT flags undervalued, fraudulent HDIL property sale in 2019
The order relates to a commercial office premises in Dheeraj Pali Arcade Building on Pali Road, Bandra West, which was transferred to the buyer through a registered sale agreement dated July 4, 2019. The transaction involved former HDIL directors Rakesh Kumar Wadhawan and Sarang Rakesh Wadhawan.
From Iran to trade, how the US midterms impact the rest of the world
US Democrats' recent midterm election victories could influence global relations, especially concerning Iran and Israel. The potential for a peace deal with Iran seems viable as US voters oppose prolonged conflicts. In Ukraine, Democrats may propose increased financial and military aid, which could face delays. Additionally, Asian countries may reconsider investment pledges to avoid tariffs in light of these outcomes.
Court rejects CBI's plea seeking amendment of charges against DHFL's ex-CMD, others
A Delhi court has refused to change charges against Kapil Wadhawan, Dheeraj Wadhawan, and Ajay Nawandar. They are accused of defrauding a consortium of 17 banks for Rs 34,000 crore. The court found no evidence to support additional charges under specific IPC sections. It clarified that it cannot review its own order except for clerical errors. The court previously framed charges against 104 accused persons on July 30.
Physical intimacy cannot be branded as rape after consensual relationship sours: SC
The Supreme Court addressed concerns over criminal cases following relationship failures, emphasizing consent during the relationship. It asserted that retrospective regret cannot redefine consensual acts as rape due to relationship dissolution. The court highlighted the importance of distinguishing between genuine cases of coercion and consensual interactions. It pointed out that misuse of rape allegations undermines the serious nature of the crime.
DHFL Case: Delhi court rejects CBI plea for additional charges against Wadhawan brothers, says it cannot review charge order
A special court in Delhi denied the CBI's request for additional charges against Kapil Wadhawan and Dheeraj Wadhawan. The court stated that it could not review its earlier decisions except for clerical errors. Special Judge Sanjeev Kumar Malhotra noted that charges had already been properly framed against the accused. The CBI's arguments for new charges were deemed unsubstantiated and informal.
Xi Jinping's India visit to help diplomatic thaw, but business ties bound by suspicion
Xi Jinping’s India visit could signal a diplomatic thaw between India and China, but business ties remain stuck in a maze of investment curbs, visa delays, technology restrictions and stalled equipment supplies. While New Delhi has eased some Chinese investment rules and approved projects, major firms remain cautious. A Modi-Xi meeting could determine whether political warmth finally unlocks economic opportunities.
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DHFL case: ED freezes bank deposits worth Rs 51.75 crore
The Enforcement Directorate froze bank deposits worth over fifty-one crore rupees. This action is part of a fresh probe into a massive bank loan fraud. The investigation involves Dewan Housing Finance Corporation Limited and its promoters. An immovable asset in the United Kingdom was also found to be involved.
Former HDIL chairman Rakesh Wadhawan seeks probe into 'Rs 600 cr loan transfer'
Rakesh Wadhawan has accused Yes Bank of illegally assigning a Rs 600 crore loan. This loan was for a firm he promoted and was transferred in 2017. The complaint alleges the transfer lacked independent valuation and RBI compliance. This comes amid investigations into Suraksha ARC and former Yes Bank officials. The Enforcement Directorate is also probing similar alleged collusion.
Akshay Kumar's old friend rejected IIT Kharagpur and IIM Lucknow for his dream. Where is Avinash Wadhawan now?
Avinash Wadhawan, who studied in Delhi, was academically brilliant, winning gold medals in mathematics in Classes 10 and 12. He turned down IIT Kharagpur and later chose Jamnalal Bajaj after securing admission to IIM Lucknow and XLRI. His modelling journey eventually led to acting. Wadhawan also recalled his early friendship with Akshay Kumar, when they shared motorcycles and jackets. He was last seen in Mausam Ikrar Ke Do Pal Pyar Ke and appeared in the 2025 TV series Manpasand Ki Shaadi.
SC agrees to hear CBI plea against bail to ex-DHFL promoter Dheeraj Wadhawan
The Supreme Court will hear the CBI's challenge to the Delhi High Court's decision to grant bail to former DHFL promoter Dheeraj Wadhawan in a significant bank loan scam. Wadhawan, previously granted bail on medical grounds, is accused of siphoning off large sums of money. The hearing is set for the week of April 28.
CBI court grants bail to Kapil Wadhawan in Yes Bank scam case
The special CBI court granted bail to former DHFL promoter Kapil Wadhawan in the Yes Bank scam case, but he remains in custody due to multiple other charges. Despite opposition, the court ordered conditions including a bail bond, no tampering with evidence, and restricted travel.
Delhi HC grants bail to Dheeraj Wadhawan in DHFL multi-crore bank loan fraud case
The Delhi High Court has granted bail to Dheeraj Wadhawan, former director of DHFL, in the multi-crore bank loan fraud case due to his health condition. The court overturned a previous trial court decision and imposed certain conditions for the bail. Wadhawan had sought bail on medical grounds after undergoing spinal surgery.
DHFL scam: After CBI arrest, Dheeraj Wadhawan sent to judicial custody for Rs 34,000-crore bank fraud case
Former DHFL director Dheeraj Wadhawan was arrested by the CBI in connection with a Rs 34,000-crore bank fraud case. He was charge-sheeted in 2022, produced before a special court in Delhi, and sent to judicial custody. Wadhawan was earlier arrested in the Yes Bank corruption case and is linked to the biggest banking loan fraud in India.
ED attaches assets worth Rs 36.66 crore in bank fraud case linked to Wadhawans
The Directorate of Enforcement (ED) has attached assets worth Rs 36.66 crore belonging to Veena Developers in a bank fraud case involving Rakesh Wadhawan, Sarang Wadhawan, and others associated with Housing Development Infrastructure Ltd. (HDIL) and Mack Star Marketing Private Limited.
Bank loan fraud case: SC cancels bail granted to DHFL's Wadhawan brothers
The Supreme Court of India has canceled the bail granted to former DHFL promoters Kapil Wadhawan and his brother Dheeraj in a multi-crore rupees bank loan scam case. The case involves allegations of cheating a consortium of 17 banks amounting to Rs 34,615 crore, and the money laundering investigation is based on a Central Bureau of Investigation (CBI) FIR.
Seven cops suspended for special treatment to DHFL promoters Wadhawan brothers in custody
Seven police personnel have been suspended for providing special treatment to DHFL promoters Kapil and Dheeraj Wadhawan during medical check-ups in Mumbai. The Wadhawan brothers, who are in judicial custody for a bank loan scam, were shown enjoying privileges in government hospitals while in custody.
Court allows DHFL promoter Dheeraj Wadhawan to undergo treatment at a private hospital, denies interim bail
Dheeraj Wadhawan, the former promoter of Dewan Housing Finance Corporation Limited (DHFL), has been denied interim bail in the Yes Bank-DHFL scam. However, the Mumbai sessions court has granted his request to receive medical treatment at a private hospital. Wadhawan and his brother Kapil are accused in the alleged fraud of over Rs. 4,000 crore caused to Yes Bank, with cofounder Rana Kapoor also a co-accused.
Wadhawans used many shell companies to divert funds: CBI
The agency made the claim while seeking ten days of custodial interrogation of the Wadhawans in what has emerged as the country's biggest bank loan fraud. The agency last month booked DHFL.
DHFL scam: Dheeraj Wadhawan may have to face personal insolvency action
Experts said that Dheeraj Wadhawan's likely insolvency would be among the handful of high-profile personal bankruptcy cases, such as that against Anil Ambani, to reach the NCLT. The outcome in this case would have a bearing on the personal insolvency proceedings against Anil Ambani, the former promoter of Reliance Communications and Reliance Capital. It will be closely watched as the judgment could decide the fates of several other defaulting promoters, too.
Bombay High Court permits DHFL promoter Dheeraj Wadhawan to undergo surgery at private hospital
Wadhawan had challenged the CBI court's order claiming that he had several ailments and had undergone surgeries at Kokilaben Ambani Hospital, before and after his arrest. Hence, he should be permitted to undergo a nasal surgery at the private hospital, the accused's counsel Amit Desai had informed the court.
PMC Bank fraud case: HC rejects Rakesh Wadhawan's medical bail plea
A single bench presided over by Justice Nitin Sambre said that Wadhawan's submission that he was immediately required to be released on temporary bail on medical ground, was "not justified".
NCLT directs RP of HDIL to provide all the documents to Wadhawans in Arthur Road Jail
The Mumbai-bench of the National Company Law Tribunal (NCLT), while ruling in the plea filed by Rakesh and Sarang Wadhawan, promoters of HDIL, however, observed that in the case of sharing confidential documents, the lenders can take decisions based on their commercial wisdom.
Yes Bank: Wadhawan brothers' CBI custody extended till May 8
he duo was arrested last Sundayfrom a quarantine facility at Mahabaleshwar in Satara district, nearly 50 days after they were booked in a case of bribery against former Yes Bank CEO Rana Kapoor. The Wadhawans were produced before a special court here on Friday as their previous remand ended.
In show of speed, CBI arrested Wadhawans after getting stay order vacated on weekend
On April 18, Wadhawans had moved the Court seeking cancellation of open ended arrest warrants issued against the duo by a Court on March 17. Staying the arrest of Wadhawans till May 5, the Court had granted an ex-parte stay order. The CBI chose to move the Court on Saturday (April 25), demanding vacation of stay granted on the arrest of Kapil and Dheeraj Wadhawan.
Maharashtra Home Minister requests CBI to take custody of Wadhawans
In a Facebook address, Anil Deshmukh said he has requested the Central Bureau of Investigation to take the custody of Wadhawans after their quarantine period ends at 2 pm on Wednesday.
Passage for Wadhawans: IPS officer sent on leave, probe set up
News of DHFL promoters Wadhawans, their family and close friends traveling from Khandala near Pune to Mahabaleshwar in Satara district despite coronavirus lockdown sparked off a political row in the state. The Wadhawan family and their friends, who drove to the family's farmhouse at Mahabaleshwar on Wednesday evening, were put under quarantine by the Satara authorities.
Dewan Housing chairman Kapil Wadhawan gets bail in Mirchi case
A special court granted bail to Kapil Wadhawan, CMD of DHFL arrested in connection with a money laundering case also involving the late gangster Iqbal Mirchi. Wadhawan (46) was arrested on January 27 by the ED under PMLA. According to the ED, Wadhawan was instrumental in laundering of huge amounts of money as part of an illegal deal with Mirchi, who died in 2013 in London.
DHFL’s Wadhawan prime mover of deal with Mirchi, says ED
In a 7,000-page chargesheet, ED detailed how Wadhawan used DHFL to pay Memon over Rs 110 cr.
Dheeraj Wadhawan a prime mover, floated an offshore company to pay Mirchi, finds ED probe
In its 7,000-page chargesheet filed earlier this month, the agency has detailed how Wadhawan used DHFL to pay over Rs 110 crores to Mirchi that was availed as loans. Also, payments to the tune of AED 128.5 million (approx. Rs 154 crores) was paid to Mirchi via Culture Estate LLC, a Dubai-based company incorporated by Wadhawan.
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