A special CBI court in Mumbai has rejected the discharge plea of industrialist Abhay Lodha in a Rs. 74.82 crore bank fraud case involving UCO Bank, citing his pivotal role in the alleged conspiracy. Lodha, the managing director of Topworth Steels and Power Private Limited and promoter of the Topworth Group, is accused of orchestrating a fraudulent scheme using letters of credit (LCs) via a group entity, Akshata Mercantile Pvt. Ltd.