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Union minister PP Choudhary says SFIO probing 6 companies; Jet Airways also under scanner

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Government on Friday said Serious Fraud Investigation Office (SFIO) is inspecting six companies, namely, NuPower Renewables, Supreme Energy, Videocon Industries, Pacific Capital Services, NuPower Wind Farms and Echanda Urja.

Government on Friday said Serious Fraud Investigation Office (SFIO) is inspecting six companies, namely, NuPower Renewables, Supreme Energy, Videocon Industries, Pacific Capital Services, NuPower Wind Farms and Echanda Urja.
In an interview to CNBC-TV18, minister of state for corporate affairs, PP Choudhary, said that debt-ridden Jet Airways is also under the scanner.
According to Choudhary, time to time review is taken by the ministry with respect to working of National Company Law Tribunal (NCLT) and is trying to stick to the timeline prescribed under Insolvency and Bankruptcy Code (IBC).
Few days back, the ministry had ordered inspection of books and papers with regards to Jet Airways, Choudhary said.