Representative image NEW DELHI: A PIL petitioner, on whose plea Supreme Court directed CBI and ED to probe the alleged siphoning of 40,000 crore from bank loans by various Anil Dhirubhai Ambani Group (ADAG) companies, on Thursday complained to SC that the agencies have only been arresting officials of the beleaguered corporate and not the kingpin.After advocate Prashant Bhushan’s complaint, solicitor general Tushar Mehta said CBI could not complete probe within four weeks as promised earlier because of discovery of certain new facts and dimensions in the case and handed over the probe status reports by the CBI and ED to a bench of CJI Surya Kant and Justice J Bagchi.“I will not be able to respond to the allegation as to why some are arrested and why not others,” Mehta said.The bench, which had on March 23 expressed displeasure over the perceptible reluctance on the part of probe agencies to proceed against ADAG group companies, said it would pass further orders after going through the status reports and posted the matter for further hearing on May 8.During the last hearing, Anil Ambani’s counsel Mukul Rohatgi had said that ADAG is ready to discuss with banks and financial institutions about settlement of dues.On Thursday, senior advocate Kapil Sibal appeared for him and told the bench that the court needed to know the background of the case, which is crucial.Taking a cue from the subject matter of the PIL, which alleged that huge amounts were taken by ADAG companies as loans from banks and then insolvency proceedings were initiated to enable these companies to be taken over for a song by relatives, advocate Prabhas Bajaj said such a scam is all pervasive in insolvency proceedings.When he cited an example of solvent companies being taken over cheaply by other companies through insolvency proceedings causing huge loss to the banks, the bench said it would not go into individual cases.“Our effort is to dispel the impression that big players, involved in such cases, get away lightly,” it said.End of ArticleFollow Us On Social MediaVideosChanakya Today Exit Poll: BJP Sweep In Bengal, DMK Ahead In TN, Assam Favours NDAUS Hands Back 657 Stolen Antiquities Worth $14 Million To India, Exposes Global Smuggling NetworksNaval Anti-ship Missile : Navy, Drdo Demonstrate Salvo Launch That Can Sink ShipsECI Introduces New QR Code Photo ID Rule To Prevent Unauthorised Entry At Counting CentresCCTV Shows Car Plunging Into Gorge In Una, Himachal | Tyre Burst Suspected, 2 KilledDelhi HC Freezes Sunjay Kapur Assets, Restrains Priya Kapur In High-Stakes Inheritance DisputeLet’s Not Choose For People: Supreme Court Pulls Up Centre Over Minor Rape Survivor’s Pregnancy Case’Sonia Gandhi Takes Decisions’: Congress President Kharge On Karnataka CM Change BuzzHafiz Saeed’s Aides Hunted Down: Lashkar-e-Taiba Loses Commanders to Mysterious KillingsRecord Bengal Turnout at 92.9%, SIR Row and Voter Surge Complicate Poll Reading123PhotostoriesFrom opening up about his troubled childhood and growing up in a violent home to facing bullying at school; Sidharth Bhardwaj recalls his traumatic pastThis Indian street food is crowned Prayagraj’s official signature dish8 South Indian dishes among the Top 100 Pancakes in the WorldVirat Kohli: 7 life lessons to learn from the RCB cricketerTV serials with strong woman leads, ‘Naamkaran’, ‘Neema Denzongpa and others- check the list hereHow to make Rajasthani Gatte Ka Pulao for summer dinner5 most crowded national parks in the USA; what travellers should knowGokuldham society’s plot twists that no one saw coming: From Tapu going bald to Babu Ji going to jailAishwarya Rai Bachchan to Deepika Padukone: The real price of Bollywood’s most expensive sarees explainedFrom UK’s Prince Harry to Japan’s Princess Mako: Royals who gave up their titles and wealth for love — Shocking true stories123Hot PicksExit Poll Result 2026Bengal Election 2026Bengal ElectionPM ModiAjay Pal SharmaBengal Poll RecordHimanta Biswa SarmaTop TrendingPune Gas LeakBengaluru Wall CollapseVande Bharat expressDelhi NewsPawan KheraTripura Madhyamik Result 2026CBSE Class 12th ResultMumbai Police DeathBSE AP SSC Class 10th ResultIPL Orange Cap
NEW DELHI: A PIL petitioner, on whose plea Supreme Court directed CBI and ED to probe the alleged siphoning of 40,000 crore from bank loans by various Anil Dhirubhai Ambani Group (ADAG) companies, on Thursday complained to SC that the agencies have only been arresting officials of the beleaguered corporate and not the kingpin.After advocate Prashant Bhushan’s complaint, solicitor general Tushar Mehta said CBI could not complete probe within four weeks as promised earlier because of discovery of certain new facts and dimensions in the case and handed over the probe status reports by the CBI and ED to a bench of CJI Surya Kant and Justice J Bagchi.“I will not be able to respond to the allegation as to why some are arrested and why not others,” Mehta said.The bench, which had on March 23 expressed displeasure over the perceptible reluctance on the part of probe agencies to proceed against ADAG group companies, said it would pass further orders after going through the status reports and posted the matter for further hearing on May 8.During the last hearing, Anil Ambani’s counsel Mukul Rohatgi had said that ADAG is ready to discuss with banks and financial institutions about settlement of dues.On Thursday, senior advocate Kapil Sibal appeared for him and told the bench that the court needed to know the background of the case, which is crucial.Taking a cue from the subject matter of the PIL, which alleged that huge amounts were taken by ADAG companies as loans from banks and then insolvency proceedings were initiated to enable these companies to be taken over for a song by relatives, advocate Prabhas Bajaj said such a scam is all pervasive in insolvency proceedings.When he cited an example of solvent companies being taken over cheaply by other companies through insolvency proceedings causing huge loss to the banks, the bench said it would not go into individual cases.“Our effort is to dispel the impression that big players, involved in such cases, get away lightly,” it said.
