Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

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Indiabulls Housing Finance says writ petition filed in the Supreme Court against the company and its Chairman Sameer Gehlaut alleging misappropriation of funds has been withdrawn.

The company said that the writ petition filed in the Supreme Court against company and Sameer Gehlaut has been withdrawn.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.

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Indiabulls Housing Finance Ltd. today said 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.. Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn.

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Shares of Indiabulls Housing Finance surged 11 per cent after Abhay Yadav. Indiabulls Housing shares surge 11 per cent after petition for alleged misappropriation of funds withdrawn. a petition against the non-banking finance company, its chairman Sameer Gehlaut and other directors for the alleged.

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A plea was filed in the Supreme Court by Abhay Yadav seeking legal action against IBHFL, its Chairman and directors for alleged. where small businesses were provided loans of up Rs 10 lakh. The.

NEW DELHI: Shares of Indiabulls Housing Finance climbed over 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Yadav, who had filed a petition against promoter Sameer Gehlaut and the company over alleged fund misappropriation, has withdrawn his case in the Supreme Court.

The writ petition alleging chairman and directors of Indiabulls Housing Finance (IHFL) of misappropriating Rs 98,000 crore of public money has been withdrawn. In a regulatory filing, the company.