IFCI Limited Receives Petition from SFIO Regarding Company Petition
IFCI Limited announced on March 29, 2026, that it has received a Company Petition from the Union of India through the Serious Fraud Investigation Office (SFIO) before the National Company Law Tribunal (NCLT) in New Delhi. The petition, bearing numbers CP 34/241-242/PB/2026, follows an order dated March 12, 2026, from the NCLT.According to a disclosure, the petition relates to an investigation report dated November 16, 2022, by the SFIO. The facilities mentioned in the investigation report and petition were sanctioned and disbursed by IFCI Limited prior to the close of Financial Year 2016-2017. The company stated that the corresponding exposures have either been resolved or are currently under resolution.
As of December 31, 2025, the net book value/carrying value of the loans and investments is Rs. 157.26 crore.
The company is in the process of determining the appropriate course of action. The financial implications of the petition are currently sub-judice. No penalties or restrictions have been imposed, and no other relevant information was disclosed.
Details of the Petition
The following table summarizes key details regarding the petition:
| Particulars | Details |
|---|---|
| Name of the listed company | IFCI Limited |
| Name of the Opposing Party | Union of India through Serious Fraud Investigation Office ("SFIO") |
| Court/ tribunal/agency where litigation is filed | Honble National Company Law Tribunal, Principal Bench, New Delhi ("NCLT") |
| Date of receipt of communication | March 23, 2026 (partially), and then partially on March 24, 2026. |
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