Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

In a relief to Indiabulls Housing Finance, the petitioner has withdrawn the case alleging misappropriation of funds from the Supreme Court.. file false complaints and petitions against.

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 · NEW DELHI: A plea was filed in the Supreme Court Monday seeking legal action against Indiabulls Housing Finance Limited (IHFL), its Chairman and directors for alleged misappropriation of Rs 98,000 crore of public money.The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut, the chairman of the firm, and the directors of Indiabulls for their.

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 · A plea was filed in the Supreme Court on Monday seeking legal action against Indiabulls Housing Finance, its chairman Sameer Gehlaut and directors for alleged misappropriation of Rs 98,000 crore of public money. The petition alleged that the money was siphoned off by Gehlaut and the directors for their personal use.

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Indiabulls Housing Finance shares soar after writ petition alleging financial misdeeds against company withdrawn Business Press Trust of India Jun 13, 2019 15:43:52 IST Mumbai: In a big relief to Indiabulls Housing Finance, the petitioner who had approached the supreme court alleging misappropriation of funds, has withdrawn the same on Thursday.

New delhi (india) jun 12 (ANI): The Supreme Court will hear in July a plea filed against Indiabulls Housing Finance Ltd (IHFL. siphoned off by Sameer Gehlaut, the chairman of the Indiabulls, and.

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Indiabulls Housing Finance, the petitioner who had approached the Supreme Court alleging misappropriation of funds, has withdrawn the same Thursday, the company said. The petition now withdrawn had alleged that the company had misappropriated Rs 98,000 crore of public money, a claim which was termed as “frivolous and bizarre” by the company, which had sought.

In a relief to Indiabulls Housing Finance, the petitioner has withdrawn the case alleging misappropriation of funds from the Supreme Court.. file false complaints and petitions against. NEW DELHI: Indiabulls Housing Finance Ltd. said on Thursday that Abhay Yadav, the petitioner who alleged that the company and its Chairman Sameer Gehlaut.

The company said Kislay Panday and his father Ram Mani Panday, who are advocates by profession, ran the "organised" racket. The board of Lakshmi Vilas Bank had approved the merger with Indiabulls.