A writ petition was filed concerning ongoing investigations by the Directorate of Enforcement (ED) and the Central Bureau of Investigation (CBI) into alleged financial irregularities and defaults by various Reliance group companies, including Reliance Commercial Finance Ltd. (RCFL), Reliance Home Finance Ltd. (RHFL), Reliance Communications Ltd. (RCOM), and Reliance Power Ltd. (RPOWER). The investigations involve significant amounts of alleged proceeds of crime, forged bank guarantees, and defaults to numerous banks and financial institutions.
Respondent Nos. 4 and 5 have entered appearance in deference to an order dated 23.01.2026.
Learned senior counsel for respondent Nos. 4 and 5 sought and was granted two weeks to file a counter affidavit.
The Directorate of Enforcement (ED) and the Central Bureau of Investigation (CBI) have entered appearance through Mr. Tushar Mehta, Solicitor General of India.
The ED has filed a counter affidavit stating that investigations under the PMLA Act and into the affairs of group companies are ongoing.
ECIR/STF/17/2025 has been registered in relation to Reliance Commercial Finance Ltd. (RCFL) and Reliance Home Finance Ltd. (RHFL).
Investments made by Yes Bank between 2017 and 2019 in non-convertible debentures and commercial papers of RCFL and RHFL are being examined.
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A writ petition was filed concerning ongoing investigations by the Directorate of Enforcement (ED) and the Central Bureau of Investigation (CBI) into alleged financial irregularities and defaults by various Reliance group companies, including Reliance Commercial Finance Ltd. (RCFL), Reliance Home Finance Ltd. (RHFL), Reliance Communications Ltd. (RCOM), and Reliance Power Ltd. (RPOWER). The investigations involve significant amounts of alleged proceeds of crime, forged bank guarantees, and defaults to numerous banks and financial institutions.
Respondent Nos. 4 and 5 have entered appearance in deference to an order dated 23.01.2026.
Learned senior counsel for respondent Nos. 4 and 5 sought and was granted two weeks to file a counter affidavit.
The Directorate of Enforcement (ED) and the Central Bureau of Investigation (CBI) have entered appearance through Mr. Tushar Mehta, Solicitor General of India.
The ED has filed a counter affidavit stating that investigations under the PMLA Act and into the affairs of group companies are ongoing.
ECIR/STF/17/2025 has been registered in relation to Reliance Commercial Finance Ltd. (RCFL) and Reliance Home Finance Ltd. (RHFL).
Investments made by Yes Bank between 2017 and 2019 in non-convertible debentures and commercial papers of RCFL and RHFL are being examined.
…Order issued in…
The petition wa…
Sign in to view related legal provisions.