The Supreme Court on Friday agreed to hear a public interest litigation seeking an investigation into allegations of illegalities, violations and siphoning of funds by the former promoters of Indiabulls Housing Finance Limited. A bench comprising justices Abhay S Oka and AG Masih issued notices to IBHFL and other respondents on the plea filed by the Citizens Whistle Blower Forum, …
The Delhi High Court has issued notice on a quashing petition by Sr. Adv. Prashant Bhushan against a defamation case filed against him by the Director of Indiabulls Venture Capital Management Pvt Ltd. Bhushan has also sought quashing of the summons issued to him in the criminal case which alleges that "he has made defamatory statements regarding the functioning of …
New Delhi: The Delhi high court on Friday issued notices to Indiabulls Housing Finance Ltd, Securities and Exchange Board of India, the Reserve Bank of India and other respondents in a public interest litigation seeking a probe into the mortgage lender. The petitioner also sought directions to the ministry of corporate affairs, registrar of companies, serious fraud investigation office, National …
Mumbai: Shares of Indiabulls Group companies came under pressure on Friday after a public interest litigation filed against Indiabulls Housing Finance, its subsidiaries and promoters in the Delhi High Court alleged siphoning off of funds. Indiabulls Housing Finance slumped 5%, Indiabulls Real Estate Ltd fell 1.3%, Lakshmi Vilas Bank Ltd declined 5% and Indiabulls Ventures Ltd was down 1%. "The …
