Mumbai, Nov. 15 -- Private sector lender Yes Bank Ltd had lent over '2,000 crore to several companies linked to the Indiabulls Group that either have negative net worth or an average equity capital of '1 lakh, an additional affidavit filed by Citizens Whistle Blower Forum in the Delhi high court has alleged.
According to documents which were submitted by the NGO as part of the affidavit, Yes Bank loaned '2,183 crore to eight unlisted companies of the Indiabulls Group which had either negative net worth or had an average equity capital of '1 lakh each.
While the case was filed on 13 September, the additional affidavit was filed on 22 October and has been reviewed by Mint.
These companies include Airmid Aviation Services Ltd, Tupelo Constr...