SC directs CBI, ED, SFIO & SEBI to probe allegations against Sammaan Capital, stock sheds nearly 14% — What we know

The Supreme Court, on Wednesday, 19 November 2025, ordered the Central Bureau of Investigation (CBI), the Enforcement Directorate (ED), the Serious Fraud Investigation Office (SFIO), and the capital markets regulator, Securities and Exchange Board of India (Sebi), to investigate the allegations against Sammaan Capital, reported news agency ANI.

The court directed officials to investigate allegations related to five borrower groups that were extended loans by Indiabulls Housing Finance (now known as Sammaan Capital) between 2014 and 2017, according to the report.

What does the petitioner allege?

The petitioner, Citizens Whistleblower Forum, alleged that Indiabulls Housing Finance promoter Sameer Gehlaut has left India to reside in London and acquired several five-star hotels, aircraft and yachts, among other assets, in that country.

The forum also highlighted that the public's shareholding has been effectively transferred to Sameer Gehlaut, and hence, a detailed investigation is required into the allegations.

What does Sammaan's lawyer say?

On Wednesday, senior advocate Mukul Rohatgi, who represents Sammaan Capital, said the company is not a defaulter and does not have a pending case or investigation against it.

“It is not a defaulter...It has no pending case or investigation against it. The petition was first filed before the high court. All authorities examined everything and found nothing wrong,” Rohatgi told the media on Wednesday.

Rohatgi stated that the authorities examined everything and found nothing wrong, whereas the petitioner claims that the promoter has left the country and settled in England.

“But we urged the Court and it recorded in its order that it has not made any observations regarding those allegations and that authorities should look into this once again. We have no objection because there are no allegations against us by any authority. As far as Sammaan Capital is concerned, they maintain that there are no allegations against them...The next hearing is on 17th December,” Rohatgi told the media.

Sammaan Capital share price

Sammaan Capital share price closed 12.47% lower at ₹159.75 after Wednesday's stock market session, compared to ₹182.50 at the previous market close.

The company's shares dropped nearly 14% during the intraday session on 19 November, amid the ongoing case in the Supreme Court regarding investigations into certain loans the company had extended under its previous name, Indiabulls Housing Finance.

Shares of Sammaan Capital have lost 7.90% over the last one-month period, and are trading 11.86% lower in the last five market sessions. However, over the last one-year period, the company's shares have risen 5.16%.

Sammaan Capital hit its 52-week high of ₹192.90 on 3 November 2025, while the 52-week low level stood at ₹97.80 on 7 April 2025, according to the BSE data. The company's market capitalisation (M-Cap) stood at ₹13,233.10 crore as of 19 November 2025.