ABIL Group Founder Granted Bail in Yes Bank-DHFL Scam
ECONOMY & POLICY

ABIL Group Founder Granted Bail in Yes Bank-DHFL Scam

The Bombay High Court has granted bail to the founder of ABIL Group in connection with the Yes Bank-DHFL scam. This decision comes amid ongoing legal proceedings surrounding allegations of financial irregularities and fraud involving Yes Bank and Dewan Housing Finance Corporation Limited (DHFL).

The founder's bail plea was considered by the court, which cited various factors including health concerns and cooperation with the investigation as reasons for granting bail. The ABIL Group founder had been under judicial custody following accusations related to financial transactions and loans extended by Yes Bank to DHFL.

The court's decision marks a significant development in the legal saga surrounding the alleged financial improprieties involving prominent financial institutions in India. It reflects the judiciary's scrutiny of the case and considerations regarding the individual's legal rights and circumstances.

The Yes Bank-DHFL scam has drawn considerable attention due to its implications for financial governance and regulatory oversight in the country. Authorities continue to investigate the matter to ascertain accountability and prevent such incidents in the future.

The bail granted by the Bombay High Court is seen as a step towards ensuring due process while the investigation progresses. It underscores the complexities involved in addressing financial crimes and the judicial system's role in upholding justice and fairness in such high-profile cases.

The Bombay High Court has granted bail to the founder of ABIL Group in connection with the Yes Bank-DHFL scam. This decision comes amid ongoing legal proceedings surrounding allegations of financial irregularities and fraud involving Yes Bank and Dewan Housing Finance Corporation Limited (DHFL). The founder's bail plea was considered by the court, which cited various factors including health concerns and cooperation with the investigation as reasons for granting bail. The ABIL Group founder had been under judicial custody following accusations related to financial transactions and loans extended by Yes Bank to DHFL. The court's decision marks a significant development in the legal saga surrounding the alleged financial improprieties involving prominent financial institutions in India. It reflects the judiciary's scrutiny of the case and considerations regarding the individual's legal rights and circumstances. The Yes Bank-DHFL scam has drawn considerable attention due to its implications for financial governance and regulatory oversight in the country. Authorities continue to investigate the matter to ascertain accountability and prevent such incidents in the future. The bail granted by the Bombay High Court is seen as a step towards ensuring due process while the investigation progresses. It underscores the complexities involved in addressing financial crimes and the judicial system's role in upholding justice and fairness in such high-profile cases.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement