No Bull? Lawyers who caused 7,000 crore meltdown admit to pursuing false allegations against Indiabulls [Updated]August 13 2019
Managium Juris LLP has admitted to filing false complaints and petitions in various fora against Indiabulls Housing Finance Limited (IHFL).
The firm has also tendered a public apology to Indiabulls, expressing regret at the reputational and financial losses caused due to false and sensational allegations made against the company.
The apology states that after getting to know of Indiabulls’ plan to merge with Lakshmi Vilas Bank, the firm saw an opportunity to make scathing allegations against the company.
This content is restricted to subscribers
With a premium account you get:
- One year of unrestrcited access to previous interviews, columns and articles
- One year access to all archival material
- Access to all Bar & Bench reports