Indiabulls Housing falls after writ filed against chairman; company says allegation ‘bizarre’

A criminal writ petition filed on June 10 in the Supreme Court, alleging that about $14 billion had been siphoned out of the company by senior off. Indiabulls Housing Finance soars after writ.

Allegation of siphoning-off Rs 98,000 cr ‘bizarre’: Indiabulls Housing Finance. Court on Monday seeking legal action against Indiabulls Housing Finance, Gehlaut and the directors for the.

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The crisis in India’s shadow banking space seems to be deepening, as Indiabulls Housing Finance is pitted against two of its shareholders – Abhay Yadav and Vikash Shekhar, after the latter.

MUMBAI: Refuting charges of misappropriation of around Rs 98,000 crore by its Chairman Sameer Gehlaut and other directors, Indiabulls Housing Finance late on Monday evening said that the allegation is "bizzare" and is meant to malign the reputation of the company. The statement comes after a plea was filed in the Supreme Court on Monday [.]

The promoters exiting the real estate business or at least making it debt-free should also help get the RBI go ahead, IBHF deputy managing director Ashwini Hooda told over the phone.

Indiabulls Housing falls after writ filed against chairman; company says allegation ‘bizarre’ When it comes to leaseholds, delay will cost you dear Selling leasehold properties and why it can take so long. – Except that if you are a vendor and are serious about selling then you might as well get it straight away – it’ll save weeks and weeks and weeks.

Mumbai, June 11 (ians) refuting charges of misappropriation of around Rs 98,000 crore by its Chairman Sameer Gehlaut and other directors, Indiabulls Housing Finance late on Monday evening said that the allegation is "bizzare" and is meant to malign the reputation of the company. The statement comes after a plea was filed in the Supreme.

IndiaBulls Housing Finance share price slumped in trade today after its chairman and directors were accused of allegedly misappropriating Rs 98,000 crore of public money. However, the firm has.

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Mumbai: Refuting charges of misappropriation of around Rs 98,000 crore by its Chairman Sameer Gehlaut and other directors, Indiabulls housing finance late monday evening said that the allegation is "bizzare" and is meant to malign the reputation of the company. The statement comes after a plea was filed in the Supreme Court on Monday seeking [.]