India, May 14 -- The Supreme Court has sought the Central Bureau of Investigation (CBI)'s response to a petition seeking a criminal case against Indiabulls Housing Finance Limited (IHFL), now known as Sammaan Capital Limited, over dubious loans to corporate entities that allegedly violated the Companies Act and misused public funds.

A bench of justices Abhay S Oka and Ujjal Bhuyan issued the notice on Tuesday and posted the matter for hearing in July after the corporate affairs ministry and the Securities Exchange Board of India (SEBI) confirmed IHFL's alleged irregularities.

The Enforcement Directorate (ED) later on Tuesday filed a status report detailing IHFL's alleged wrongdoings in two cases the agency has probed. The report, a copy...