Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

New Delhi: indiabulls housing finance Ltd. said on Thursday that Abhay Yadav, the petitioner who alleged that the company and its Chairman Sameer gehlaut misappropriated funds, withdrew his writ petition from the Supreme Court.

The petition filed by Yadav a few days ago had alleged that thousands of crores of rupees were siphoned off by Sameer Gehlaut, Chairman of Indiabulls Housing Finance, and directors of the company.

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The writ petition alleging chairman and directors of Indiabulls Housing Finance (IHFL) of misappropriating Rs 98,000 crore of public money has been withdrawn. In a regulatory filing, the company.

Shares of Indiabulls Housing Finance (IHFL) fell 8 percent on Tuesday after a plea was filed in the Supreme Court yesterday seeking legal action against the company’s chairman and directors for alleged misappropriation of Rs 98,000 crore of public money. The stock fell as much as 8.8 percent to Rs 668.70 per share on the BSE. in intraday deals.

The Supreme Court will hear in July a plea filed against Indiabulls Housing Finance. The petition, which was filed by Abhay Yadav a few days back, has alleged that thousands of crores were siphoned.

Indiabulls Housing Finance on Tuesday denied allegations made in a petition filed in the Supreme Court for alleged misappropriation of Rs 98,000 crore of public money. Ajit Mittal, group executive director of Indiabulls Group said that the petition was a part of a criminal conspiracy by blackmailers, who have demanded money from the company in.

Indiabulls Housing Finance says writ petition filed in the Supreme Court against the company and its chairman sameer gehlaut alleging misappropriation of funds has been withdrawn.

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Shares of Indiabulls Housing Finance tanked 8% on Tuesday following a writ petition filed in the Supreme Court against its promoter sameer gehlaut for siphoning off 98,000 crore, which, the company.

New Delhi (India) Jun 12 (ANI): The Supreme Court will hear in July a plea filed against Indiabulls Housing Finance Ltd (IHFL. siphoned off by Sameer Gehlaut, the chairman of the Indiabulls, and.

NEW DELHI: Shares of Indiabulls Housing Finance soared 11 per cent in Thursday’s trade in a knee-jerk reaction to the announcement that Abhay Yadav, who had filed a petition against promoter Sameer Gehlaut and the company over alleged fund misappropriation, has withdrawn his case in the Supreme Court.

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