Indiabulls Housing Finance shares rise 8%, writ petition withdrawn

Shares in IndiaBulls Housing fell as much as 8 per cent, even after the company issued a clarification on a writ petition being filed in the Supreme Court against Sameer Gehlaut for siphoning of.

Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal writ petition.

Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal writ.

Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal writ petition filed on Monday in India’s Supreme Court, alleging that about 980 billion rupees ($14 billion) had

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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Yadav, who had filed a petition against promoter Sameer Gehlaut and the company over alleged fund misappropriation, has withdrawn his case in the Supreme Court.

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In a new twist, Indiabulls Housing Finance Ltd has said that investigations by the Gurgaon police has unearthed an organised racked run by two lawyers, Kislay Panday and his father Ram Mani, under the name of Managium Juris LLP. The court has issued non-bailable arrest warrants against the father.

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BENGALURU, June 13 (Reuters) – Indiabulls Housing Finance Ltd INBF.NS on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal writ petition filed on Monday in India’s Supreme Court, alleging that about 980 billion rupees ($14 billion) had been siphoned out of the company by senior officials using a.

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in the Supreme Court against the company and its Chairman Sameer Gehlaut alleging misappropriation of funds has been withdrawn.

 · Writ Petition filed in SC against Indiabulls Housing and Sameer Gehlaut withdrawn.. the share price of Indiabulls Housing Finance rose 10 % intraday an dcurrenty trades over 8% at Rs 675.