Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

 · 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. indiabulls housing share closed 11.86 per cent higher,

NEW DELHI: Shares of Indiabulls Housing Finance soared 11 per cent in Thursday’s trade in a knee-jerk reaction to the announcement that Abhay Yadav, who had filed a petition against promoter Sameer Gehlaut and the company over alleged fund misappropriation, has withdrawn his case in the Supreme Court.

Indiabulls group shares rally after petition withdrawn from Supreme Court. By Ganesh Sivaraman on June 13, 2019. who had filed a petition against promoter Sameer Gehlaut and the company alleging fund misappropriation, has withdrawn the same.. the Indiabulls Housing Finance stock had fallen.

Read more about Petitioner apologises, withdraws complaint against Indiabulls Housing finance on Business Standard. 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the petitioner, who had filed a plea in Supreme Court alleging misappropriation of Rs 98,000 crore by the company, has withdrawn the writ petition.A day earlier, the vacation bench of Justices Indira

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Shares of Indiabulls Housing Finance on Friday. UK commercial Bank. the company will be the largest shareholder in the bank,” Indiabulls Housing said in a regulatory filing. It further said:.

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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Court (SC) against Indiabulls Housing Finance and its group chairman sameer gehlaut by shareholder Abhay Yadav has been withdrawn, the company said on Thursday.

Shares of Indiabulls Housing Finance tanked 8% on Tuesday following a writ petition filed in the Supreme Court against its promoter Sameer Gehlaut for siphoning off 98,000 crore, which, the company.

Read more about indiabulls petitioners withdraw from SC amid hints of criminal conspiracy on Business Standard. 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.

A plea was filed in the Supreme Court on Monday seeking legal action against Indiabulls Housing Finance Limited (IHFL), its Chairman and directors for alleged misappropriation of Rs 98,000 crore.