Indiabulls Housing Finance soars as writ petition withdrawn

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ALSO READ:Writ petition blaming Indiabulls Housing Finance of misappropriating Rs 98,000 crore of public money withdrawn The merged entity will be amongst the top eight private banks in India by size.

A criminal writ petition had been filed on Monday in India’s Supreme Court, alleging that about 980 billion rupees had been siphoned out of Indiabulls. Bengaluru: Indiabulls Housing Finance Ltd on.

BENGALURU (Reuters) – Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A.

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Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender has been withdrawn, sending shares nearly 8 percent higher.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 shell companies.

Meanwhile, the share price of Indiabulls housing finance soared after writ petition against it was withdrawn. The scrip closed at 694.30 at Bombay Stock Exchange, up by 73.15 points or 11.78 per cent.

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In a relief to Indiabulls Housing Finance, the petitioner has withdrawn the case alleging misappropriation of funds from the Supreme Court. "Abhay Yadav, the petitioner, has withdrawn the writ.

Friday 14th June 2019

Indiabulls Housing Finance soars after writ petition withdrawn. Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal writ petition filed on Monday in India’s Supreme.

Bengaluru: Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8 per cent higher.

Indiabulls Housing Finance soars after writ petition withdrawn. Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been.

Mumbai (Maharashtra) [India], June 13 (ANI): 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the petitioner, who had filed a plea in Supreme Court alleging misappropriation of Rs 98,000 crore by the company, has withdrawn the writ petition.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

Bengaluru: Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher.