Hdil
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Yes Bank founder Rana Kapoor arrested by ED in HDIL group case
Business | Jan 27, 2021, 09:53 PM ISTThe Enforcement Directorate (ED) has arrested Yes Bank's former Chairman Rana Kapoor in an alleged money-laundering case pertaining to the probe in a HDIL group company, official sources said on Wednesday.
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PMC Bank scam: SC stays Bombay HC order directing sale of HDIL assets to repay dues
India | Feb 07, 2020, 01:57 PM ISTThe Supreme Court on Friday stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank.
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PMC Bank scam: Depositors detained for holding protest at HDIL promoter's residence
India | Jan 19, 2020, 07:53 PM ISTAround a dozen depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank were detained on Sunday for allegedly trying to stage a protest outside the Khar residence of HDIL promoters Rakesh Wadhawan and his son Sarang, who are accused in the bank fraud case, police said.
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PMC Bank scam: SC stays HC order allowing shifting of HDIL promoters from jail to their residence
Business | Jan 16, 2020, 06:16 PM ISTThe Supreme Court Thursday partially stayed the Bombay High Court order allowing shifting of HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, accused in the multi-crore Punjab & Maharashtra Cooperative Bank (PMC) scam, from Mumbai's Arthur Road Jail to their residence.
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PMC Bank scam: HC sets up panel for sale of HDIL assets
India | Jan 15, 2020, 02:10 PM ISTThe Bombay High Court set up a three-member committee on Wednesday for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to expeditiously recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank.
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PMC Bank only disclosed Rs 439.6 crore as loans to HDIL
Business | Nov 25, 2019, 09:31 PM ISTDuring the current inspection, PMC Bank has admitted to having a total exposure of Rs 6,226.01 crore (inclusive of interest accrued in the related accounts) as on March 31, 2019 to the HDIL group.
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ED grills Praful Patel along with Wadhawans
India | Oct 18, 2019, 10:10 PM ISTThe Enforcement Directorate on Friday grilled former Union minister Praful Patel for his links with Dawood Ibrahim's close aide Iqbal Mirchi in a money laundering case and also confronted him with the promoters and directors of the Housing Development and Infrastructure Ltd (HDIL), arrested in the Rs 4,335-crore Punjab and Maharashtra Cooperative (PMC) Bank case.
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PMC Bank: Police custody of former chairman, HDIL directors extended
India | Oct 14, 2019, 01:44 PM ISTNew pieces of evidence are being tracked everyday, the investigating officer informed the court, adding two more days of custody is required to extract more information from the key accused in the bank fraud.
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HDIL owner linked to Ghaziabad real estate fraud case
India | Oct 08, 2019, 04:20 PM ISTHDIL owner Rakesh Wadhawan, who has been arrested by the Mumbai Police in the PMC Bank fraud case, is also linked to an alleged cheating case involving real estate firm Rudra Buildwell.
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PMC Bank crisis: HDIL CEO, MD had properties worth Rs 3,500 crore
India | Oct 03, 2019, 11:27 PM ISTThe Chairman and Managing Director of real estate developer HDIL were arrested on Thursday in connection with the Rs 6,500 crore loan default case that has hit the Punjab and Maharashtra Co-operative (PMC) Bank. Rakesh Kumar Wadhawan, the Chairman, and Sarang Wadhawan, Managing Director of HDIL were arrested by the Economic Offences Wing (EOW) of the Mumbai Police. Assets worth Rs 3,500 crore of HDIL were also frozen.
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PMC Bank scam: Two HDIL directors arrested, property attached
India | Oct 03, 2019, 06:31 PM ISTMumbai police on Thursday arrested two directors of the Housing Development Infrastructure Limited (HDIL) in the PMC Bank scam
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Economic Offences Wing files FIR against officials of HDIL, PMC Bank
India | Sep 30, 2019, 11:52 PM ISTThe FIR mentioned PMC Bank's now-suspended Managing Director Joy Thomas, Chairman Waryam Singh and other executives. It also mentions involvement of Sarang Wadhawan, the Vice Chairman and Managing Director of HDIL.
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PMC Bank customers do sit-ins at branches, HDIL headquarters
Business | Sep 26, 2019, 09:01 PM ISTA few bank employees and customers also held demonstrations outside the real estate developer Housing Development & Infrastructure's (HDIL) office in Bandra.
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Submit pending dues from HDIL by September 8, NCLT to lenders
Business | Aug 31, 2019, 04:24 PM ISTHDIL shares traded at Rs 5.84 apiece on BSE at 3 p.m. On August 21, its shares had plunged a huge 20 per cent to hit an all-time low of Rs 8.78 on the BSE, its highest daily percentage loss since October 2008, after the real estate firm was admitted under the provisions of Insolvency and Bankruptcy Code (IBC). HDIL shares have plunged further since then.
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HDIL to sell land parcels in Mumbai, Hyderabad to pare debt
May 25, 2014, 04:53 PM ISTMumbai: Housing Development and Infrastructure Ltd (HDIL) plans to raise up to Rs 1,800 crore this fiscal by selling stakes in some of its assets to partly repay its debt by around Rs 600-700 crore