Supreme Court Cancels Dheeraj Wadhawan's Bail in ₹42,871 Crore Bank Loan Scam
The Supreme Court has cancelled the bail of DHFL promoter Dheeraj Wadhawan in a multi-crore bank loan scam case, overturning the Delhi High Court's decision. Wadhawan has been directed to surrender within two weeks. The case involves allegations of cheating a consortium of 17 banks led by Union Bank of India, with loans totaling ₹42,871.42 crore allegedly siphoned off. The CBI had appealed against the high court's bail order, which was initially granted on medical grounds.
05Aug 25
Supreme Court Revokes Bail for DHFL Promoter in Rs 42,871 Crore Bank Loan Scam
The Supreme Court has cancelled the bail of Dheeraj Wadhawan, a promoter of Dewan Housing Finance Corporation Limited (DHFL), in a bank loan scam case involving Rs 42,871.42 crore. Wadhawan must surrender within two weeks. The decision overturns a Delhi High Court ruling that granted bail on medical grounds. The case involves allegations of fraud against a consortium of 17 banks led by Union Bank of India, with accusations of loan sanction inducement and fund diversion through falsified books.
Decillion Finance Limited announced the resignation of its Chief Financial Officer and Key Managerial Personnel, Ms. Dhanashree Bhaskar Patade, effective July 30, 2025. The resignation is due to other professional commitments. The company disclosed this information in a regulatory filing to BSE Limited and Calcutta Stock Exchange Limited on July 31, 2025, in compliance with SEBI regulations. No successor has been announced yet.