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

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.

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-son duo, who are absconding, the company says.

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IndiaBulls Housing Finance share price slumped in trade today after its. these allegations a desperate attempt to "malign" the company's. against Indiabulls Housing Finance Limited (IHFL), its Chairman and. However, in a clarification, Indiabulls Housing Finance Ltd (IBHFL) said the writ petition filed in.

Indiabulls Housing Finance share rose 11.78 per cent after the writ. Slowdown Blues: Kiss of death for Indian auto industry as sales fall up to 40% in July. In a regulatory filing, the company said that the petitioner Abhay Yadav agreed. legal action against Indiabulls, its chairman and directors for alleged.

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Shares of mortgage lender Indiabulls Housing. Rs 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.

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Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging. A criminal writ petition filed on Monday in Supreme Court alleged that about. The company said on Wednesday the petitioner had admitted in court that. The petition had alleged that Sameer Gehlaut, chairman of the firm, with the.

The statement comes after a plea was filed in the Supreme Court on Monday seeking legal action against Indiabulls Housing Finance. If RBI wants , I will give up real estate, says Gehlaut. Chairman.