New Delhi, Jun 5 (PTI) The Delhi High Court has asked CBI to inquire and respond to a plea alleging conspiracy by officials of the State Bank of India and Standard Chartered Bank in the sale of non-performing assets at throw-away prices to "builder mafias".
Justice Mukta Gupta issued a notice asking the CBI to respond within four weeks, Rohit P Ranjan, counsel for a director of a private firm, said.
Saroj Kumar Bagaria, a Delhi-based businessman and director of M/s Vishal Global Ltd , in his petition said that the firm had been granted a credit facility of Rs 5 crore in 1999 and pledged his property as security with SBI.
As the firm suffered losses and could not repay the loan, some officials of SBI and SCB conspired and sold its alleged "bad debt", declared as non-performing asset (NPA), to "builder mafia" at cheap price.