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Sebi report revives Indiabulls YES Bank controversy with quid pro quo loan claims
Business
Published on 24 April 2026
Loans between promoter entities may look quid pro quo
A Sebi report has reopened the Indiabulls YES Bank saga, citing prima facie evidence that loans were routed between promoter-linked entities via IHFL and other NBFCs on a quid pro quo basis. The findings were reportedly sent to the banking regulator in 2022. Sammaan Capital argues such SPV-backed lending is common in real estate and denies any link to Sameer Gehlaut.
- Sebi cites prima facie quid pro quo loan evidence
- Concerns were reportedly reported to the banking regulator in 2022
- Sammaan Capital calls promoter-backed SPV lending standard practice
- Sammaan denies any connection with Sameer Gehlaut
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times