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Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

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New Delhi: Indiabulls Housing Finance Limited has approached the Supreme Court for an urgent hearing on a petition filed against it, its Chairman and directors for alleged misappropriation of Rs 98,000 crore of public money. A bench headed by justice indira banerjee said that it would decide on urgent listing of plea at 2 PM today.

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. IANS has been repeatedly pointing out that the petitioners filed the plea with malafide intent.

Shares of indiabulls housing finance surged 11 per cent after Abhay Yadav who had filed a petition against the non-banking finance company, its chairman Sameer Gehlaut and other directors for the.

New Delhi [India], June 12 (ANI): Indiabulls Housing Finance Limited has approached the Supreme Court for an urgent hearing on a petition filed against it, its Chairman and directors for alleged misappropriation of Rs 98,000 crore of public money.. A bench headed by Justice Indira Banerjee said that it would decide on urgent listing of plea at 2 PM today.

Indiabulls Housing Finance, a housing finance company, provides home loans and loans against properties. It offers loans against residential and commercial properties to small and mid-sized businesses, partnership firms, self-employed professionals, and private or closely held companies, as well as home loans for non-residential Indians and persons of Indian origin.

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Indiabulls Housing Finance, a housing finance company, provides home loans and loans against properties. It offers loans against residential and commercial properties to small and mid-sized businesses, partnership firms, self-employed professionals, and private or closely held companies, as well as home loans for non-residential Indians and persons of Indian origin.

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in the Supreme Court against the company and its Chairman Sameer Gehlaut alleging misappropriation of funds has been withdrawn.

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.

The statement comes after a plea was filed in the Supreme Court on Monday seeking legal action against Indiabulls Housing Finance, Gehlaut and the directors for the alleged misappropriation of public money.