Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

In a major relief to indiabulls housing finance, the petitioner who moved the Supreme Court accusing misappropriating public funds by its management, withdrew the plea Thursday, the company said.

New Delhi, June 12 (IANS) The Supreme Court on Wednesday pulled up for filing a defective application a petitioner, Abhay Yadav, who has alleged that Indiabulls Housing Finance Ltd (IHFL) misappropriated Rs 98,000 crore of public money. Earlier on Wednesday, IHFL senior counsel A.M. Singhvi urged the vacation bench comprising Justices Indira Banerjee and Ajay Rastogi [.]

Indiabulls Housing Finance, a housing finance company, provides home loans and loans against properties. It offers loans against residential and commercial properties to small and mid-sized businesses, partnership firms, self-employed professionals, and private or closely held companies, as well as home loans for non-residential Indians and persons of Indian origin.

Mumbai (Maharashtra) [India], June 13 (ANI): Indiabulls Housing Finance said on Thursday the petitioner, who had filed a plea in Supreme Court alleging misappropriation of Rs 98,000 crore by the.

Indiabulls Venture also finished lower by 4.14 per cent to Rs 250.10 a share. Earlier in June, a plea was filed in the Supreme Court seeking legal action against Indiabulls Housing Finance, its Chairman Sameer Gehlaut and the directors of the company for alleged misappropriation of public money.

Mumbai (Maharashtra) [India], June 13 (ANI): Indiabulls Housing Finance said on Thursday the petitioner, who had filed a plea in Supreme Court alleging misappropriation of Rs 98,000 crore by the company, has withdrawn the writ petition. A day earlier, the vacation bench of Justices Indira Banerjee and

Last month, the company was in news after one of the investors, Abhay Yadav, filed a petition in the Supreme Court against the company’s promoter Sameer Gehlaut for allegedly misappropriating funds.

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Indiabulls Housing Finance Ltd. today said that Abhay Yadav, the petitioner who alleged that the company and its Chairman sameer gehlaut misappropriated funds, withdrew his writ petition from the S.

Mumbai, June 19 (IANS) Shares of Indiabulls group companies fell sharply during the early trade on Wednesday while its subsidairy company indiabulls real Estate was locked in the lower circuit. Shares of Indiabulls Housing Finance finsihed 8.48 per cent lower at Rs 558 each after falling nearly 18 per cent, hitting an intra-day low of [.]

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