business 🏛️ Karnataka HC to rehear ED case on Sammaan Capital
The Karnataka High Court decided to rehear the Directorate of Enforcement (ED) case concerning Sammaan Capital. The court made this decision after realizing it was unaware of related Supreme Court orders. The previous week, the High Court had quashed the ED proceedings against the non-banking finance company, which was formerly known as Indiabulls Housing Finance Limited. The Supreme Court is currently looking into alleged financial irregularities and fund diversion by Sammaan Capital. This pending matter suggests a potential shift in the legal proceedings moving forward. 🏛️