Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn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.

NEW DELHI: Indiabulls Housing Finance Ltd (IHFL) moved the. and said, " Indiabulls submitted to the court that the petitioner bought 4. off by Sameer Gehlaut, the chairman of the firm, and the directors of IHFL for their personal use.. Indiabulls Housing soars 11% as Abhay Yadav withdraws petition.

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The writ petition filed in the Supreme Court (SC) against Indiabulls Housing Finance and its group chairman Sameer Gehlaut by shareholder Abhay Yadav has been withdrawn, the company said on Thursday.

The writ petition filed in the Supreme Court against Indiabulls Housing Finance (IBH) and its group chairman Sameer Gehlaut by shareholder Abhay Yadav has been withdrawn, the company said on Thursday. Advertising According to a statement by Indiabulls Housing, in the affidavit withdrawing the.

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Mumbai: In a big relief to Indiabulls Housing Finance, the petitioner who had approached the Supreme Court alleging misappropriation of funds, has withdrawn the same on Thursday, the company said. The petition now withdrawn had alleged that the company had misappropriated Rs 98,000 crore of public money, a claim which was termed as "frivolous and bizarre" [.]