The statement comes after a plea was filed in the Supreme Court on Monday seeking legal action against Indiabulls Housing Finance, Gehlaut and the directors for the alleged misappropriation of.

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The statement comes after a plea was filed in the Supreme Court on Monday seeking legal action against Indiabulls Housing Finance, Gehlaut and the directors for the alleged misappropriation of public money. The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut.

This appeal preferred by Indiabulls Housing Finance Limited, in which the main contesting. on December 19, 2013, respondent Nos.1 to 5 filed Writ Petition No. 37381 of 2012 before the High Court. 8) In the aforesaid writ petition, the high court passed interim orders. against the debtor, after determination of the pending outstanding.

Refuting charges of misappropriation of around Rs 98,000 crore by its Chairman Sameer Gehlaut and other directors, Indiabulls Housing Finance late on Monday evening said that the allegation is "bizzare" and is meant to malign the reputation of the company. The statement comes after a plea was filed in the Supreme Court on Monday seeking legal.

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A plea was filed in the Supreme Court by a petitioner named abhay yadav, who is also a shareholder, seeking legal action against Indiabulls Housing Finance Ltd, its Chairman Sameer Gehlaut and directors for misappropriating an amount of 98,000 crore of public money for their personal use.

Shares of Indiabulls Housing Finance Ltd (IBHFL) dropped 8 per cent Tuesday following allegations of siphoning off Rs 98,000 crore of public money.The scrip plunged 7.97 per cent to close at Rs 674.65

DHFL commercial paper downgraded to ‘default’ by Icra, Crisil – ET RealEstate happy homes grand – Adore Realtech – Happy Homes Grand, HUDA approved affordable housing in Sector 85, Faridabad, was launched in November, 2016.Situated in Faridabad near Puri Pranayam & BPTP A Block, the project, has three types of 2 BHK & two type 3 bhk flats. The Carpet area of 2 BHK Type-B Flat is about 476.415 Sq. Ft. along with 138 sq. ft. balcony; Type-C Flat is 499.557 Sq.

In a statement earlier, IHFL has described the allegations against its Chairman Sameer Gehlaut and other directors as “bizzare” and designed to malign the reputation of the company. The statement came after a plea was filed in the apex court on Monday seeking legal action against Indiabulls, Gehlaut and the other directors for alleged.

Read more about Allegation of siphoning-off Rs 98,000 cr ‘bizarre’: Indiabulls Housing Finance on Business Standard. Refuting charges of misappropriation of around Rs 98,000 crore by its Chairman Sameer Gehlaut and other directors, Indiabulls Housing Finance late on Monday evening said that the allegation is "bizzare" and is meant to malign the reputation of the