Indiabulls Housing Finance Says Petition Against Company, Chairman Gehlaut Withdrawn

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The writ petition filed in the Supreme Court (SC) against indiabulls housing finance and its group chairman Sameer Gehlaut by shareholder Abhay Yadav has been withdrawn, the company said on Thursday.

In a big relief to Indiabulls Housing Finance, the petitioner who had approached the Supreme Court alleging misappropriation of funds, has withdrawn.

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The news of the withdrawal of the petition sent the Indiabulls Housing Finance scrips soaring up to 9 per cent after the shares tanked by 8 per cent on Tuesday. In a big relief to Indiabulls.

The petition alleged. I will give up real estate, says Gehlaut. Chairman Sameer Gehlaut and vice chairman Gagan Banga have collectively bought shares worth Rs 100 crore from the secondary market,

Read more about Petitioner apologises, withdraws complaint against Indiabulls Housing finance on Business Standard. 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the petitioner, who had filed a plea in Supreme Court alleging misappropriation of Rs 98,000 crore by the company, has withdrawn the writ petition.A day earlier, the vacation bench of Justices Indira

Indiabulls Housing Finance said on Thursday the petitioner, who had filed a plea in. were siphoned off by Sameer Gehlaut, Chairman of Indiabulls Housing Finance, and directors of the company for their personal use.

The petitioner Abhay Yadav said in an affidavit that he had unknowingly signed the. Indiabulls housing finance share rose 11.78 per cent after the writ petition against the company was withdrawn.. off by Sameer Gehlaut, the chairman of the firm, and the directors of Indiabulls for their personal use.

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The writ petition filed in the Supreme Court against Indiabulls Housing Finance (IBH) and its group chairman Sameer Gehlaut by shareholder Abhay Yadav has been withdrawn, the company said on Thursday. Advertising According to a statement by Indiabulls Housing, in the affidavit withdrawing the.

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The petition filed by Yadav a few days ago had alleged that thousands of crores of rupees were siphoned off by Sameer Gehlaut, Chairman of Indiabulls Housing Finance, and directors of the company.

The writ petition filed in the Supreme Court (SC) against Indiabulls Housing Finance and its group chairman Sameer Gehlaut by shareholder Abhay Yadav has been withdrawn, the company said on Thursday.