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Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

 · 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Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender has been withdrawn, sending shares nearly 8 percent higher. A criminal writ petition filed on Monday in Supreme Court alleged that about Rs 98,000 crore had been siphoned out of the company by senior officials using a web of.

Indiabulls Housing Finance Ltd (IHFL), on June 12, 2019, moved the Supreme Court, seeking urgent listing of a plea filed against it, in which it has been alleged that the company misappropriated Rs 98,000 crores of public money.

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the petitioner, who had filed a plea in Supreme Court alleging misappropriation of Rs 98,000 crore by the company, has withdrawn the writ petition.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 Ajay Rastogi had posted the matter for hearing in July after the company sought an urgent hearing of the case claiming that the petition.

Indiabulls Housing Finance. 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.

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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and directors of Indiabulls Housing Finance (IHFL) of misappropriating Rs 98,000 crore of public money has been withdrawn.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.

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.

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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 [.]

Lender sentiment turns positive as low rates spur demand Yes, a zero nominal interest rate coupled with a 3 percent inflation rate yields a negative value for the real rate, which is the rate that is meaningful for investment decisions. D. Yes, a zero nominal interest rate means that money is costless to borrow, and this is sure to spur investment spending in the economy.