Indiabulls Housing falls after writ filed against chairman; company says allegation ‘bizarre’
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** Shares of mortgage lender indiabulls Housing Finance Ltd fall as much as 8.58% to 671.25 rupees after a writ was filed on Monday in India’s Supreme Court against Chairman Sameer Gehlaut for.
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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Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender has been withdrawn, sending shares nearly 8 percent higher.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.
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** Shares of mortgage lender Indiabulls Housing Finance Ltd fall as much as 8.58% to 671.25 rupees after a writ was filed on Monday in India’s Supreme Court against Chairman Sameer Gehlaut for.
Indiabulls Housing falls after writ filed against chairman; company says allegation ‘bizarre’ read more about SC raps petitioner for defective plea against Indiabulls on Business Standard. The Supreme Court on Wednesday pulled up for filing a defective application a petitioner, Abhay Yadav, who has alleged that Indiabulls Housing Finance.
In a statement earlier, IHFL has described the allegations against its Chairman Sameer Gehlaut and other directors as "bizzare" and designed to malign the reputation of the company. The statement came after a plea was filed in the apex court on Monday seeking legal action against Indiabulls, Gehlaut and the other directors for alleged.
Indiabulls Housing falls after writ filed against chairman. 671.25 after a writ was filed on Monday in the Supreme Court against Chairman Sameer Gehlaut for allegedly siphoning Rs 98,000 crore ($14.11 billion). IB Housing Finance called the allegation "bizarre" as total loans on its books are.
BUZZ-Indiabulls Housing falls after writ filed against chairman; co says allegation ‘bizarre’ 20th May BRIEF-Lakshmi Vilas Bank Gets Shareholders’ Nod To Issue Shares To indiabulls housing finance 16th May Moody’s assigns (P)Ba1 to Indiabulls Housing Finance Limited’s USD1.5 billion EMTN program and Ba1 to its senior secured notes