New Delhi, July 22 -- The Supreme Court on Monday told the Central Bureau of Investigation (CBI) that there is sufficient material to initiate a probe into the alleged wrongdoings by non-banking financial company (NBFC) Indiabulls Housing Finance Limited (IHFL) in advancing loans to corporate entities. The court was considering a petition filed by non-government organisation (NGO) Citizens Whistleblower Forum which had approached the court seeking probe against IHFL, now known as Sammaan Capital Limited, after the Delhi high court had refused to entertain the same. On May 14, the court had issued notice to the CBI after going through responses filed by the Enforcement Directorate (ED) and Securities Exchange Board of India (Sebi) endorsing some of the allegations levelled in the petition against IHFL. A bench of justices Surya Kant and Joymalya Bagchi said, "What more information do you require? You are party to these proceedings where all this is on judicial record. What more do you want?" The matter will be heard next on July 30. The court was responding to a submission made by additional solicitor general (ASG) SV Raju appearing for both the ED and CBI. He said, "While ED requires a predicate offence, there is no such thing with CBI. It requires only information to register a first information report."...