Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

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The petitioners recently told the court that they wanted to withdraw the petition but the court took a dim view of it. The bombay high court slapped a fine against petitioners. Sons’ battle with.

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Finance Minister Arun Jaitley said the real. two years’ worth of unsold inventory in India, of which affordable housing accounts for about 50-60 per cent, he said. Anuj Puri, chairman of Anarock.

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Indiabulls housing finance profit jumps 9% in Q3 FY19. IHFL has described the allegations against its Chairman Sameer Gehlaut and other.

Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender has been withdrawn, sending shares nearly 8 percent higher. A criminal writ petition filed on Monday in Supreme Court alleged that about Rs 98,000 crore had been siphoned out of the company by senior officials using a web of.

Indiabulls Housing Finance said on Thursday the petitioner, who had filed a plea in Supreme Court alleging misappropriation of Rs 98,000 crore by the company, has withdrawn the writ petition. A day earlier, the vacation bench of Justices Indira Banerjee and Ajay Rastogi had posted the matter for hearing in July after the company sought an urgent hearing of the case claiming that the petition.

NEW DELHI: Indiabulls Housing Finance Ltd. said on Thursday that. The petition had alleged that Sameer Gehlaut, chairman of the firm, with.

The bank in a regulatory filing said the state government is taking a host of steps including splitting the post of chairman and managing director with a view to improve transparency, governance,

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Cyrus Mistry’s plea challenging his removal as Tata Sons’ chairman was dismissed on Monday. The National Company Law tribunal (nclt) dismissed Mr Mistry’s petition which had alleged. on merits will.

Shares of Indiabulls Housing Finance on Thursday closed 11.78% higher after a petition alleging misappropriation of funds was withdrawn from the Supreme Court. On Wednesday, the Indiabulls Housing Finance stock had fallen 7.93% because of concerns over alleged misappropriation of around Rs 98,000 crore funds.

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