Subhash Chandra, founder of ZEEL, was barred from the securities market after regulators investigated missing title deeds and controlled borrowing entities linked to Essel Group.
Steady: 1 in the last 7 days
Updated monday
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How it started
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What happened
Subhash Chandra, founder of ZEEL, was barred from the securities market after regulators investigated missing title deeds and controlled borrowing entities linked to Essel Group.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- CBI registered FIRs against Subhash Chandra and Essel Group regarding alleged loan fraud.Sub-event
- CBI registered an FIR against Subhash Chandra for alleged fraud, following a complaint from LIC Housing Finance Limited.Sub-event
Subhash Chandra guaranteed debts of Essel Group entities.1 source
- Subhash Chandra is identified as the founder of Essel Group.Sub-event
SEBI barred ZEEL founder Subhash Chandra from the securities market over missing title deeds and Essel Group links.1 source
ZEEL was barred from the securities market, and a Hyderabad land parcel was used as security.1 source
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The entities involved
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Subhash Chandra
researcher (ORCID 0000-0002-8978-5427)
Nothing else this week.
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Essel Group
Indian conglomerate
Nothing else this week.