ED Searches Multiple Kolkata Locations in IBC Misuse Case
On September 30, 2026, the Enforcement Directorate conducted searches at twelve locations in Kolkata linked to a money-laundering probe involving the Tayal Group. The group is accused of bank loan fraud exceeding ₹820 crore and misuse of the Insolvency and Bankruptcy Code. Officials allege false declarations about production capacity, falsified stock statements, and unauthorized sale of hypothecated machinery.
The Hindu·2h ago·Kolkata


