The bail application of Gautam Thapar, promoter of Avantha Group, was rejected by the Delhi High Court on Thursday, challenging his arrest in connection with the Yes Bank Loan fraud case.
The Court dismissed all applications by the banks for the recall of a December 16, 2015 Judgement of the court in which the Supreme Court had decided that RBI has to act with transparency.
A Show Cause Notice dated October 28, 2020, was issued to show cause as to why an inquiry should not be initiated against them and penalty not be imposed upon them under the relevant provisions of SEBI Act for the violations alleged to have been committed by them.
The Bombay High Court on Monday rejected the bail plea of Yes Bank co-founder Rana Kapoor in the money laundering case, which is being investigated by the Enforcement Directorate (ED).
Ignoring the advice of experts, the RBI’s Internal Working Group has recommended the entry of business houses into the banking sector. This can have dangerous repercussions for depositors and shareholders.
The Bombay High Court today denied bail to Kapil and Dheeraj Wadhawan, promoters of Dewan Housing Finance Limited (DHFL), accused in the Yes Bank money laundering case.