Mumbai: Special Court Rejects CBI Plea For Further Probe Against Indiabulls Housing Finance, IVL Finance In Yes Bank-DHFL Case

On September 8, 2026, a special court in Mumbai rejected a request from the CBI to conduct further investigation into Indiabulls Housing Finance Ltd (IHFL) and M/s. IVL Finance Ltd (VIL FL) in relation to their alleged transaction with Yes Bank. The CBI had sought additional probing, claiming that there was evidence of Rs 1,574 crore worth of money laundering linked to Yes Bank and DHFL, which could be traced back to the two companies and other groups of companies.

The CBI received information from a petition filed by the Citizen Whistle Blower Forum at the Supreme Court, but was unaware of it previously. Despite filing a four-part supplementary chargesheet in 2024, a special court dismissed the case against IHFL and VIL FL in March 2025. The CBI claimed that the forum's application alleged fraudulent loan transactions involving thousands of crores, and that the firms had siphoned off a significant amount of money through a complex network of companies.

However, the court noted that there were no allegations of the firms diverting or siphoning funds, and no evidence of loss of public money. Moreover, the court referred to its own March 2025 order, which stated that there was no reason to take cognizance of the chargesheet against the firms. The CBI is now challenging the decision in the High Court.