2 min readNew DelhiFeb 5, 2026 05:57 AM IST
The Centre on Wednesday told the Supreme Court that it is “seriously considering” looking at the alleged misuse of proceedings under The Insolvency and Bankruptcy Code, 2016, by companies facing insolvency.
Solicitor General Tushar Mehta conveyed this to a three-judge bench presided by Chief Justice of India Surya Kant while it was hearing a petition for probe into the alleged bank frauds involving Reliance Anil Dhirubhai Ambani Group (RADAG).
Appearing for petitioner E A S Sarma, Advocate Prashant Bhushan told the bench, also comprising Justices Joymalya Bagchi and Vipul M Pancholi, that a group company, which had dues of over Rs 47,000 crore, was sold for a mere…