Key Developments and Findings
- Delhi Police Economic Offences Wing (EOW) registered FIR on December 15, 2025 based on Supreme Court directions from PIL allegations
- FIR accused parties: Mr. Sameer Gehlaut (erstwhile promoter of Indiabulls Housing Finance Ltd.), DLF Group, Vatika Group, Americorp Group, Chordia Group, and Reliance ADAG Group
- Sammaan Capital Limited was not named as accused but was considered "a victim of the alleged quid pro quo arrangements" between borrower groups and Mr. Gehlaut
Recent Developments
- On August 11, 2026, Delhi Police EOW filed status report confirming Sammaan Capital Limited "has received back all monies in respect of the loans to the five groups mentioned in the PIL"
- On August 18, 2026, Supreme Court directed Central Bureau of Investigations (CBI) to examine allegations in the EOW FIR
- Company reiterates it is not an accused in the FIR and is named as victim
Separate CBI Investigation
- CBI conducting investigations examining transactions between companies of Yes Bank Ltd. promoters and Mr. Sameer Gehlaut
- No investigation against Sammaan Capital Limited - application restricted to investigating allegations concerning Mr. Gehlaut, his promoter companies, and Mr. Rana Kapoor
Regulatory Clearance History
Over seven years, five statutory agencies found no violations as alleged in PIL:
- Ministry of Corporate Affairs (MCA)
- National Housing Bank (NHB)
- Securities & Exchange Board of India (SEBI)
- Reserve Bank of India (RBI)
- Economic Offences Wing (EOW), Delhi Police
Ownership and Management Changes
- Mr. Sameer Gehlaut ceased to be promoter and divested entire shareholding in Company in 2023
- Company has had no connection with Mr. Gehlaut since 2023
- New promoter: Abu Dhabi-based International Holding Company PJSC (IHC)
- IHC has committed to invest USD 1 billion, described as "one of the largest FDI transactions in the Indian NBFC sector"
- IHC now controls Company's board