New Delhi, Oct. 9 -- The Supreme Court on Wednesday deepened its enquiry into the dubious loans disbursed by non-banking financial company Indiabulls Housing Finance Limited (IHFL) to corporate entities by directing the Union government to produce original records of the Ministry of Corporate Affairs (MCA) that condoned multiple irregularities found against the company by Securities and Exchange Board of India (SEBI).

Hearing a public interest litigation filed by a non-profit organisation Citizens Whistle Blowers Forum, the top court noted that the irregularities pointed out by SEBI were either closed or compounded by MCA and wished to know if the Centre has been so "magnanimous" in other cases as well.

Posting the matter for November 1...