<h1>Supreme Court questions CBI's absence in proceedings over alleged financial irregularities by housing finance company</h1> The Supreme Court criticized the Central Bureau of Investigation for failing to appear in proceedings regarding alleged financial irregularities by a non-banking financial company formerly known as a major housing finance firm. A bench questioned why the investigating agency avoided court appearance despite being served notice. An advocacy organization alleged the company disbursed thousands of crores as dubious loans to corporate entities, which then routed money back to the promoters' accounts as unsecured loans. The Enforcement Directorate confirmed awareness of irregularities and ongoing investigations, while market regulator forwarded the matter to relevant agencies citing lack of jurisdiction. The company's legal counsel dismissed the petitioner as a 'blackmailer' organization, noting a high court had previously rejected similar claims. The court emphasized that central agencies should investigate based on judicial records without waiting for formal complaints, stating no entity should be above law. The matter was scheduled for further hearing.