Indiabulls Confirms Repayment of All 197 Legacy Loans After Supreme Court Order
· Business · Zee News, India Today, Hindustan Times
Indiabulls Ltd released a statement after the Supreme Court ordered the CBI to probe financial irregularities linked to promoters of Sammaan Capital, the former Indiabulls Housing Finance. The company said it has updated an EOW status report and that all 197 legacy loans associated with Sammaan Capital have been fully repaid. The clarification follows the court’s directive to investigate alleged wrongdoing by the promoters, which had cast doubt on the company’s debt‑servicing record. Indiabulls also noted that no outstanding amounts remain on those legacy loans and that the repayments were made in line with regulatory deadlines. Its statement may influence the scope of the ongoing CBI investigation and reassure regulators about the company’s financial position.
Why it matters
The repayment of all legacy loans removes a source of financial risk for Indiabulls and clarifies its debt obligations for lenders and regulators.
Read the original report — Zee News
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