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Sterling Biotech
STERLING BIOTECH NEWS
Why ED fears the Sandesara case may open a can of worms
December 02, 2025 2:15 pm
The ED’s list of loan fraud accused runs long and includes, prominently, Vijay Mallya, Nirav Modi, Mehul Choksi and Jatin Mehta, among others. Like the Sandesaras, they left the country just before loan fraud charges were registered against them.
SC accepts Rs 5,100 crore settlement offer by Sterling Biotech in bank fraud case
November 25, 2025 5:14 am
Top court says process to drop criminal proceedings subject to payment by December 17
I-T moves against founders of Sterling Biotech named in Pandora Papers
November 02, 2021 7:56 am
Sources said the tax authority filed a case in a local court against Sterling Biotech and the Sandesaras on September 6, under sections 50 and 56 of the Black Money Act.
Sterling Biotech case: ED attaches assets of Patel son-in-law, Bollywood actors
July 03, 2021 7:23 am
The ED said the attachments included eight immovable properties, three vehicles, and several bank accounts, shares and mutual funds—all of which have a cumulative value of Rs. 8.79 crore.
No SC relief for Sterling Biotech on one-time settlement to banks
February 26, 2021 5:25 am
A Bench of Justices R F Nariman and B R Gavai dismissed the application filed by SBL-owned Richmond Investments Ltd, seeking the relief.
ED summons Dino Morea and DJ Aqueel in Sterling Biotech case
July 02, 2019 7:07 am
Widening its probe into the Rs 8,000 crore Sterling Biotech loan fraud case, the Enforcement Directorate (ED) has summoned Bollywood actor Dino Morea and DJ Aqeel for questioning.
Sterling Biotech case: ED attaches assets worth over Rs 9,000 crore
June 26, 2019 1:33 pm
It is alleged that the company took loans of over Rs 5,000 crore from a consortium led by Andhra Bank, which had turned into non-performing assets. The total volume of the alleged loan defraud is pegged at Rs 8,100 crore.
Sterling Biotech: Accused Hitesh Patel detained in Albania, likely to be extradited to India soon
March 22, 2019 2:13 pm
The company, owned by the Sandesara family from Vadodara, is alleged to have defaulted on loans amounting to Rs 8,100 crore taken from a consortium of banks.
NCLT to Sterling Biotech lenders: How can you accept settlement plan of absconder
March 16, 2019 4:35 am
Sterling Biotech was referred to the NCLT in June last year for insolvency proceedings under the Corporate Insolvency Resolution Process (CIRP).
Court issues open-ended NBWs against Sterling Biotech owners in Rs 8,100-cr bank loan fraud case
January 05, 2019 1:43 pm
The ED has registered the alleged bank fraud case against the firm SBL under sections of the Prevention of Money Laundering Act (PMLA). The accused are also being probed by the ED for allegedly bribing senior income tax department officials as part of an earlier criminal complaint.
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