Zodiac Ventures Ltd — Updates, 28-07-2025: Company Update

A public notice reveals details of a significant loan fraud case involving Canara Bank. A borrower allegedly colluded with a guarantor and certain bank employees to defraud the bank of Rs. 1.14 Cr through a fraudulent home loan transaction and unpaid property sale. The notice highlights ongoing legal proceedings, including criminal and civil suits, and questions the legality of the bank's actions in taking possession of the disputed flat. This complex case of alleged fraud and improper procedure has financial implications for the bank and warrants attention from its stakeholders as legal battles continue over the loan default and property rights.