No Bull? Lawyers who caused 7,000 crore meltdown admit to pursuing false allegations against Indiabulls [Updated]

Aditya AK August 13 2019
Indiabulls

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.

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