A writ petition was filed before the Supreme Court of India regarding alleged financial irregularities and fraud involving Reliance Commercial Finance Ltd. (RCFL), Reliance Home Finance Ltd. (RHFL), Reliance Communications Ltd. (RCOM), and Reliance Power Ltd. (RPOWER).
The ED has registered ECIR/STF/17/2025 in relation to Reliance Commercial Finance Ltd. (RCFL) and Reliance Home Finance Ltd. (RHFL).
Yes Bank made investments between 2017 and 2019 in non-convertible debentures and commercial papers of both RCFL and RHFL.
RHFL allegedly borrowed public funds from 33 banks/financial institutions and committed a default of Rs. 7,523.46 crores.
33 lenders have been able to recover only Rs. 2,116.28 crores, with a net default of Rs. 5,407.18 crores.
RCFL has defaulted to the tune of Rs.6,280.57 crores.
ECIR/STF/26/2025 has been registered in relation to Reliance Communications Ltd. (RCOM), with a total outstanding amount of Rs.40,185.55 crores.
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The petition wa…
Reference to the order dated 23.01.2026,…
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A writ petition was filed before the Supreme Court of India regarding alleged financial irregularities and fraud involving Reliance Commercial Finance Ltd. (RCFL), Reliance Home Finance Ltd. (RHFL), Reliance Communications Ltd. (RCOM), and Reliance Power Ltd. (RPOWER).
The ED has registered ECIR/STF/17/2025 in relation to Reliance Commercial Finance Ltd. (RCFL) and Reliance Home Finance Ltd. (RHFL).
Yes Bank made investments between 2017 and 2019 in non-convertible debentures and commercial papers of both RCFL and RHFL.
RHFL allegedly borrowed public funds from 33 banks/financial institutions and committed a default of Rs. 7,523.46 crores.
33 lenders have been able to recover only Rs. 2,116.28 crores, with a net default of Rs. 5,407.18 crores.
RCFL has defaulted to the tune of Rs.6,280.57 crores.
ECIR/STF/26/2025 has been registered in relation to Reliance Communications Ltd. (RCOM), with a total outstanding amount of Rs.40,185.55 crores.
…The petition wa…
Reference to the order dated 23.01.2026,…
Sign in to view related legal provisions.