Image used for representational purposes only. File
| Photo Credit: PTI
The Enforcement Directorate (ED) has intensified its action against the irregularities in the proceedings under the Insolvency and Bankruptcy Code (IBC), carrying out arrests, searches, and facilitating restitution of attached properties to banks and homebuyers in multiple cases involving alleged fraud and money-laundering.
Earlier this month, the agency arrested Arvind Kumar, who worked as a Resolution Professional of Richa Industries Limited from December 2018 to June 2025. In the same case, pertaining to an alleged loss of ₹236 crore to public sector banks,…