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ED searches at Delhi, Gurugram and Chandigarh in money laundering case

May 09, 2026

 


The Enforcement Directorate conducted search operations at five locations in Delhi, Gurugram and Chandigarh in connection with a money laundering case involving Hampton Sky Realty Limited and its promoter, Sanjeev Arora.



The action was taken under the criminal sections of the Prevention of Money Laundering Act (PMLA) 2002.



The agency said the case pertains to alleged large-scale money laundering through fake GST purchases of mobile phones worth over 100 crore rupees and subsequent exports to round-trip illegitimate funds from Dubai to India.



The ED has reportedly obtained multiple fake GST purchase bills from non-existent firms based in Delhi to claim fake Input Tax Credit, GST refund on export credit and duty drawback benefits.



According to the agency, the transactions caused substantial loss to the exchequer and resulted in wrongful personal enrichment.

ED searches at Delhi, Gurugram and Chandigarh in money laundering case ED searches at Delhi, Gurugram and Chandigarh in money laundering case Reviewed by SBR on May 09, 2026 Rating: 5

Government appoints Vice Admiral Krishna Swaminathan as next Chief of the Naval Staff

May 09, 2026

 


The Government has appointed Vice Admiral Krishna Swaminathan as the next Chief of the Naval Staff.

 


Ministry of Defence said that Vice Admiral Swaminathan is currently serving as Flag Officer Commanding-in-Chief of the Western Naval Command. 

 


The Admiral brings nearly four decades of distinguished service, with extensive operational, strategic and personnel management experience across key appointments in the Indian Navy.

 


He will succeed Admiral Dinesh Kumar Tripathi, who retires on the 31st of May.

Government appoints Vice Admiral Krishna Swaminathan as next Chief of the Naval Staff Government appoints Vice Admiral Krishna Swaminathan as next Chief of the Naval Staff Reviewed by SBR on May 09, 2026 Rating: 5

NALSA organises National Lok Adalat to provide amicable settlement of disputes

May 09, 2026


 National Legal Services Authority (NALSA) is organising the second National Lok Adalat of 2026 across the country today.



Talking to Akashvani News, Member Secretary, NALSA Sanjeev Pandey said that the initiative aims to provide amicable settlement of disputes and reduce the burden on courts through participatory and people-centric mechanisms.




He said that a wide range of disputes are taken up during the Lok Adalat, including criminal compoundable cases, cheque dishonour matters, and bank recovery disputes.




He further added that between 2023 to 2025, 12 National Lok Adalats were organised, in which 26 crore cases were disposed of.

NALSA organises National Lok Adalat to provide amicable settlement of disputes NALSA organises National Lok Adalat to provide amicable settlement of disputes Reviewed by SBR on May 09, 2026 Rating: 5

Stand-Up India

May 09, 2026


A scheme by Ministry of Finance for financing SC/ST and/or Women Entrepreneurs by facilitating bank loans for setting up a greenfield project  enterprise in manufacturing, services, trading sector and activities allied to agriculture. The objective of this scheme is to facilitate bank loans between Rs. 10 lakh and Rs. 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. In case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.



Benefits

  1. Facilitation of composite loan (inclusive of term loan and working capital) between ₹10 Lakhs and ₹100 Lakhs. Rupay debit card to be issued for convenience of the borrower.
  2. The web portal by SIDBI provides hand-holding support through a network of agencies engaged in training, skill development, mentoring, project report preparation, application filling, work shed / utility support services, subsidy schemes etc.

Eligibility

  1. Finance is provided for Greenfield Enterprises.
  2. If the applicant is a male, he must be from SC / ST category.
  3. The age of the applicant must be at least 18 years.
  4. The applicant must not be in default to any bank/financial institution.

Application Process

Online
Either approach your nearest bank branch to apply (locate your nearest bank here - https://www.rbi.org.in/Scripts/query.aspx )Or Through the Lead District Manager (LDM) (find the address and the email of the LDM of your district here - https://www.standupmitra.in/LDMS#NoBack)
Or Apply Through Portal: www.standupmitra.in
Process:
  1. The first step is to visit the official portal of StandUp India at: https://www.standupmitra.in/Login/Register
  2. Enter the full details of the business location.
  3. Select the category between SC, ST, Woman, and whether the stake held is 51% or higher.
  4. Select the nature of the proposed business; the loan amount desired description of the business, the details of the premises, etc.
  5. Populate the fields with past business experience, including tenure.
  6. Select the need for hand-holding is required.
  7. Enter all the personal details sought, which include the name of the enterprise and the constitution.
  8. The last step is to select the register button to complete the process.
Once you have completed registration, you are eligible to initiate the StandUp India Loan Application process with the respective financial institution for the officials to contact you for completing the StandUp India Loan Process and requisite formalities.

Documents Required

  1. Proof of Identity: Voter’s ID Card / Passport / Driving License / PAN Card / Signature identification from present bankers of proprietor, partner of director ( if a company)
  2. Proof of Residence: Recent telephone bills, electricity bill, property tax receipt /Passport / voter’s ID Card of Proprietor, partner of Director (if a company)
  3. Proof of Business Address
  4. Proof that the applicant is not a defaulter in any Bank / Financial Institution
  5. Memorandum and articles of association of the Company / Partnership Deed of partners etc.
  6. Assets and liabilities statement of promoters and guarantors along with latest income tax returns.
  7. Rent Agreement (if business premises on rent) and clearance from pollution control board if applicable.
  8. SSI / MSME registration (if applicable)
  9. Projected balance sheets for the next two years in case of working capital limits and for the period of the loan in case of term loan.
  10. Photocopies of lease deeds/ title deeds of all the properties being offered as primary and collateral securities.
  11. Documents to establish whether the applicant belongs to SC/ST Category, wherever applicable.
  12. Certificate of incorporation from ROC to establish whether majority stake holding in the company is in the hands of a person who belongs to SC/ST/Woman category.
For cases with exposure above ₹ 25 Lakhs:
  1. Profile of the unit (includes names of promoters, other directors in the company, the activity being undertaken addresses of all offices and plants, shareholding pattern etc.
  2. Last three years balance sheets of the Associate / Group Companies (if any).
  3. Project report (for the proposed project if term funding is required) containing details of the machinery to be acquired, from whom to be acquired, price, names of suppliers, financial details like capacity of machines, capacity of utilization assumed, production, sales, projected profit and loss and balance sheets for the tenor of the loan, the details of labour, staff to be hired, basis of assumption of such financial details etc.
  4. Manufacturing process if applicable, major profile of executives in the company, any tie-ups, details about raw material used and their suppliers, details about the buyers, details about major-competitors and the company’s strength and weaknesses as compared to their competitors etc.
Stand-Up India Stand-Up India Reviewed by SBR on May 09, 2026 Rating: 5
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BREAKING NEWS
Bridgestone Truck Tyres Available at SBR Group Latest Himachal Pradesh News Updates Indag Rubber Products Now Available Commercial Vehicle Tyre Solutions by SBR Group Business & Transport Industry Updates
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