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Moneylife Digital Team 07 July 2026
Fugitive diamond merchant Nirav Modi has reportedly lost his final legal challenge against extradition before the European Court of Human Rights (ECHR)

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A Supreme Court PIL questioning massive loan haircuts and alleged ARC-bank-borrower nexus has reignited scrutiny of asset reconstruction companies. The case could become a watershed moment for accountability, transparency and reform in India's stressed-asset recovery ecosystem.

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Bar Bench 25 June 2026
The High Court of Justice in London has held that fugitive economic offender Nirav Modi is personally liable to Bank of India more than $11 million (over ₹100 crore) under a 2013 personal guarantee in favour of the bank. (Bank of India v. Firestar Diamond FZE & Ors.)

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Moneylife Digital Team 23 June 2026
The CBI has arrested former RCFL CEO Devang Mody and former RHFL CEO Ravindra Sudhalkar in its investigation into an alleged ₹7,623 crore bank fraud involving diversion of funds within the Reliance ADA Group.

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Moneylife Digital Team 19 June 2026
The Enforcement Directorate conducted searches at 17 locations across Mumbai and Delhi in connection with an alleged ₹200 crore loan diversion and money laundering case involving HDIL promoters, former Yes Bank chief Rana Kapoor, Suraksha ARC and related entities.

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Moneylife Digital Team 19 June 2026
The Supreme Court has agreed to hear a PIL seeking a court-monitored probe into alleged diversion of over ₹900 crore by JKM Infra Projects and the settlement of bank dues exceeding ₹1,537 crore for just ₹73.5 crore through asset reconstruction companies.

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Moneylife Digital Team 11 June 2026
A special CBI court in Mumbai has remanded Amitabh Jhunjhunwala, former group managing director (MD) within the Anil Dhirubhai Ambani (ADA) group, to central bureau of investigation (CBI) custody until 12 June 2026 in connection with an alleged bank fraud involving Reliance Commercial Finance Ltd (RCFL).

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Moneylife Digital Team 11 June 2026
The directorate of enforcement (ED) has provisionally attached an Arabian Sea-facing immovable property in Murud, Raigad district of Maharashtra, with a current market value of more than ₹60 crore, in connection with its ongoing investigation into the alleged ₹1,400 crore bank fraud involving Nitin Shambhukumar Kasliwal and S Kumars Nationwide Ltd (SKNL).

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Moneylife Digital Team 02 June 2026
The Central Bureau of Investigation (CBI) has arrested Amitabh Jhunjhunwala, former group managing director (MD) of Reliance Communications Ltd (RCom), in connection with an alleged bank loan fraud that caused a loss of ₹2,929.05 crore to State Bank of India (SBI).

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Moneylife Digital Team 14 May 2026
Central bureau of investigation (CBI) on Thursday conducted searches at seven locations in connection with a case registered against Reliance Communications Ltd (RCom)

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Debayan Roy (Bar Bench) 24 March 2026
The Supreme Court on Monday took exception to the manner in which investigating agencies had proceeded in the Reliance Communications banking fraud matter directed that the probe be carried out in a time-bound

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Moneylife Digital Team 18 March 2026
Indian banks have written off loans worth more than ₹19 lakh crore over the past 11 financial years, with a notable shift in trends as retail loans emerged as the largest contributor to write-offs in FY24–25, according to data shared by the Union ministry of finance in Parliament.

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Moneylife Digital Team 17 March 2026
The total outstanding amount owed by wilful defaulters to Indian banks and financial institutions stood at ₹383,264 crore as of 31 March 2025

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Moneylife Digital Team 13 March 2026
The directorate of enforcement (ED) has provisionally attached 31 immovable properties worth ₹581.65 Crcre in connection with an alleged bank fraud involving Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL).

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Moneylife Digital Team 18 February 2026
The Supreme Court has agreed to examine allegations of undervaluation and irregularity in one-time settlement (OTS) deals entered into by Asian Hotels (North) Pvt Ltd with two public sector banks

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Moneylife Digital Team 13 February 2026
The Mumbai zonal office of the directorate of enforcement (ED) has provisionally attached immovable properties worth ₹132.85 crore in connection with the ₹1,438 crore bank fraud case involving Ushdev International Ltd (UIL).

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Moneylife Digital Team 21 January 2026
The Bombay High Court (HC) has refused to entertain a petition filed by fugitive diamond trader Jatin R Mehta challenging provisions of the Fugitive Economic Offenders (FEO) Act, 2018

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Moneylife Digital Team 06 January 2026
The Supreme Court (SC) on Tuesday granted bail to Amtek group's promoter and former chairperson Arvind Dham, in a money laundering case arising out of an alleged multi-crore bank fraud

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Moneylife Digital Team 12 December 2025
India’s banking system has written off nearly ₹8.90 lakh crore in non-performing assets (NPAs) over the last five financial years and the current year up to September 2025

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Moneylife Digital Team 05 September 2025
The directorate of enforcement (ED) has launched a major probe into Arvind Remedies Ltd and the company promoter, Arvind B Shah, following allegations of a massive bank fraud amounting to Rs637 crore.

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