Sammaan Capital, formerly known as Indiabulls Housing Finance, announced on Wednesday that it has no objections to the Supreme Court’s directive for investigative agencies to revisit alleged irregularities linked to the company’s previous promoter. Following this development, the company’s shares fell nearly 13% during intraday trading, concluding the session 12% down at ₹160 on the BSE.
Mukul Rohatgi, a senior advocate representing Sammaan Capital, stated, “We have no objection to this process. Since there are no allegations from any authority against Sammaan Capital, we are fully open to any inquiry the agencies wish to conduct—once, twice, or even thrice. We have nothing to hide.”
According to a report from PTI, the Supreme Court expressed concern over the CBI and SEBI’s alleged “reluctance” to investigate claims of “dubious transactions” involving Sammaan Capital. The court ordered the director of the CBI to convene a meeting with SEBI, the Serious Fraud Investigation Office (SFIO), and the Enforcement Directorate (ED) to discuss the matter. The bench was presided over by Chief Justice of India Surya Kant.
The court clarified that the previous closure of cases against Sammaan Capital by the Ministry of Corporate Affairs would not hinder the forthcoming meeting, and all allegations made by NGO ‘Citizens Whistle Blower Forum’, represented by advocate Prashant Bhushan, are to be scrutinized.
Rohatgi emphasized that Sammaan Capital is a publicly listed entity with no defaults, outstanding dues, or ongoing investigations by any regulatory or enforcement agencies, including SEBI, RBI, or the CBI. He further noted that this information had been previously presented to the High Court, where all regulatory bodies had provided a clean chit.
“The current petition before the Supreme Court does not include any allegations against Sammaan Capital. The Court has referred specifically to concerns raised about the former promoter, Sameer Gehlaut, who no longer holds any shares or involvement in the company today. The Court has clarified that it has made no judgments regarding the merits of these allegations and has simply allowed the authorities to reassess the situation,” Rohatgi added.
Published on November 19, 2025.
