McNally Bharat: ED probes 'backdoor return' of old power network via IBC
- Posted on September 24, 2026
- By Business News Today
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McNally Bharat: ED probes 'backdoor return' of old power network via IBC
Enforcement Directorate has traced ₹105 crore of cash infusion to McNally Bharat Engineering from Vishwa Group entities. The funds moved through complex networks involving non-banking financial companies and special purpose vehicles. Investigators are examining the role of several individuals and entities associated with this cash flow. Additionally, changes in ownership after the resolution plan approval are under scrutiny.
