Indiabulls Housing falls after writ filed against chairman; company says allegation ‘bizarre’

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

** Shares of mortgage lender Indiabulls Housing Finance Ltd fall as much as 8.58% to 671.25 rupees after a writ was filed on Monday in India’s Supreme Court against Chairman Sameer Gehlaut for.

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Shares of mortgage lender Indiabulls Housing. Rs 671.25 after a writ was filed on Monday in the Supreme Court against Chairman Sameer Gehlaut for allegedly siphoning Rs 98,000 crore ($14.11 billion.

"The total loans on the books of Indiabulls Housing are approx Rs 90,000 crores. The allegation of siphoning-off Rs 98,000 crores is bizarre," the company said in a regulatory filing. MUMBAI: Refuting charges of misappropriation of around Rs 98,000 crore by its Chairman Sameer Gehlaut and other.

A criminal writ petition filed on June 10 in the Supreme Court, alleging that about $14 billion had been siphoned out of the company by senior off. Indiabulls Housing Finance soars after writ.

 · Indiabulls Housing falls after writ filed against chairman; calls allegation ‘bizarre’ 11 jun, 2019, 11.14AM IST. About 3 million shares changed hands,

IndiaBulls Housing Finance share price slumped in trade today after its chairman and directors were accused of allegedly misappropriating Rs 98,000 crore of public money. However, the firm has.

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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

The Indiabulls Housing Finance Ltd (IHFL) on Wednesday moved the Supreme Court, seeking urgent listing of a plea filed against it in which it has been alleged that the company misappropriated Rs.

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.

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