7,000 crore market loss brings IndiaBulls to Supreme Court

Shruti Mahajan June 12 2019
Indiabulls

Indiabulls Housing Finance Ltd (IHFL) today moved the Supreme Court for urgent listing of a plea filed by one of its shareholders alleging misappropriation of funds to the tune of Rs. 98,000 crore.

Senior Counsel Abhishek Manu Singhvi, arguing for Indiabulls, told the Supreme Court that the petition filed by one Abhay Yadav makes frivolous allegations against the company and was used as a tool to blackmail it . . .

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