IFCI Ltd Receives Order from Hon'ble NCLT in DR Regulations Matter - Exposures Under Resolution

IFCI Ltd, a Government of India Undertaking, has received a Company Petition from the Serious Fraud Investigation Office (SFIO) on behalf of the Union of India. The Petition, filed before the Hon'ble National Company Law Tribunal (NCLT), is in connection with an investigation report dated 16.11.2022. The facilities mentioned in the investigation report were sanctioned and disbursed by IFCI Limited prior to the close of Financial Year 2016-2017. The corresponding exposures have either been resolved or are under resolution. Necessary provisioning in the loan accounts and fair value of investments has already been undertaken in accordance with applicable regulatory guidelines and Indian Accounting Standards. The net book value / carrying value of the said loans and investments as on 31st December 2025 is Rs. 157.26 crore.