Delhi HC issues notice in plea for probe into financial irregularities by Indiabulls Housing Finance Ltd

Aditi Singh September 28 2019
Indiabulls Housing Finance Ltd

The Delhi High Court yesterday issued notice in a petition seeking a direction for an in-depth and time-bound investigation by a Special Investigation Team into the "illegalities and violations" committed by Indiabulls Housing Finance Ltd (IBHFL), its subsidiaries and promoters.

The petition also seeks an investigation by the Serious Fraud Investigation Office (SFIO), Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI) and National Housing Bank (NHB) into the financial affairs of Indiabulls.

Notice was issued to Indiabulls, its . . .

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