CBI Files Case Against Subhash Chandra for ₹1,322 Cr LIC Fraud
CBI files case against Subhash Chandra for defrauding LIC Housing of ₹1,322 cr. Source: ScoutQuest
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23 Aug 2026 – 21 Sep 2026 · Times in IST
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CBI files case against Subhash Chandra for defrauding LIC Housing of ₹1,322 cr. Source: ScoutQuest
LIC Housing Finance gains 3.9%, trading at Rs 575.65 on NSE. NIFTY rises 0.28%, quoting at 23940.4 during the session. Source: Capital Market
LIC Housing Finance saw an NSE block trade of 403,621 shares. Trade value totaled ₹22.22 crore at ₹550.40 per share. Source: Livesquawk
LIC Housing Finance Ltd announces senior management change effective Aug 31, 2026. Joint GM Shri I Sreedhar retires due to superannuation; disclosed per SEBI regulations. Source: BSE
Canara Bank, Union Bank of India, and LIC Housing Finance plan to challenge NCLT's approval of Subhash Chandra's ₹6.25-cr repayment plan. The legal battle stems from claims linked to personal guarantees by Essel Group's founder, Subhash Chandra. Source: The Hindu BusinessLine
LIC Housing Finance appoints Sandeep Kumar as MD & CEO effective Aug 29, 2026. Kumar's appointment is subject to shareholder approval; he meets NHB's fit-and-proper criteria. Source: CNBC TV 18
LIC Housing Finance appoints Sandeep Kumar as MD & CEO starting August 29, 2026. Leadership transition marks a significant move for LIC Housing Finance. Source: Livesquawk
LIC Housing Finance Ltd held its 37th AGM on Aug 28, 2026 via VC, adopting audited financials and declaring Rs. 10/share dividend. Resolutions included reappointing P Koteswara Rao, approving Rs. 55,000 crore NCD issuance, all passed with requisite majority. Source: BSE
HDFC Bank, LIC Housing Finance to challenge Zee resolution in a ₹22,006 cr borrowing case. Settlement plan includes ₹1,494 cr payment and ₹6.3 cr by Chandra as guarantor. Source: The Economic Times
LICHFL clarified media reports about NCLT approving Dr. Subhash Chandra's repayment plan. Repayment plan offers ₹38.09 lakh against LICHFL's ₹1,322.39 crore claim; secured assets remain unaffected. Source: BSE
LIC Housing Finance clarified Subhash Chandra's insolvency won't affect its security interests. This aims to address uncertainty regarding recoverability of its investments. Source: Livesquawk
LIC Housing to lose ₹1,300 crore in Zee settlement, receiving ₹38 crore. The outcome appears highly unfavorable for LIC Housing Finance Ltd. Source: Livesquawk