IFCI Limited has acknowledged receipt of a Company Petition filed by the Union of India, through the Serious Fraud Investigation Office (SFIO), before the National Company Law Tribunal (NCLT). The petition relates to an investigation report from November 16, 2022. The exposure related to the matter, dating back to before Financial Year 2016-2017, has either been resolved or is currently under resolution. The net book value of the relevant loans and investments as of December 31, 2025, stood at ₹157.26 crore.
Disclosure of Legal Proceedings
IFCI Limited has formally disclosed the receipt of a Petition filed by the Union of India, represented by the Serious Fraud Investigation Office (“SFIO”), before the Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi. The official communication regarding this petition was received by the Company on March 23 and March 24, 2026.
Context of the Litigation
The petition, bearing number CP 34/241-242/PB/2026, stems from an investigation report previously filed by the SFIO on November 16, 2022. The core of the matter involves facilities that were sanctioned and disbursed by IFCI Limited prior to the close of Financial Year 2016-2017. The NCLT directed the SFIO to serve notice to the Respondents, including IFCI Limited, via its order dated March 12, 2026.
Financial Impact and Status
The Company confirms that necessary provisioning regarding the loan accounts and the fair value of the investments related to this matter has already been undertaken, adhering to applicable regulatory guidelines and Indian Accounting Standards. Consequently, the net book value/carrying value of the said assets as of December 31, 2025, is recorded at ₹157.26 crore.
The disclosure explicitly notes that the matters detailed in the investigation report/Petition are either resolved or are under resolution. Furthermore, the expected financial implications concerning compensation or penalty are currently deemed “Sub-judice”. IFCI Limited has stated that it is in the process of taking the appropriate course of action in response to the received communication.
Source: BSE
