Lawstreet Journal

Probe against Indiabulls Housing Finance; Bombay HC stays all investigations

Lawstreet Journal 3 May 2021 10:03pm

Image courtesy: Lawstreet Journal Business Probe against Indiabulls Housing Finance;  Bombay HC stays all investigations

On April 27, 2021, the Bombay HC stayed the probe against Indiabulls Housing Finance. The investigation was done on an FIR filed against Indiabulls Housing Finance (IHFL) in Palghar district on April 13. 

The court observed it to be an exceptional case and passed detailed order staying all investigation in the matter. IHFL is India’s second-largest housing finance company

FIR against IHFL

Ashutosh Kamble, a shareholder of IHFL accused the promoters and administrators of the corporate of siphoning off funds and committing accounting irregularities. Kamble had claimed that he suffered a devaluation of his shares because of alleged misdealing by IHFL between 2014 and 2020.

The Court said that,

"We prima facie think that the complaint filed by respondent no 2 Ashutosh Kamble appears to be mala fide and deficient"

The Bombay High Court issued notices to the respondents and the complainant to submit a reply to the IHFL plea by June 28, 2021.

Continue Reading...

Tagged: IndiaBulls  
Disclaimer: SoOLEGAL in Media collaboration with Lawstreet Journal. SoOLEGAL take no responsbility for the content provided by Lawstreet Journal. For any discrepancies Contact Lawstreet Journal.
Did you find this write up useful? YES 0 NO 0
Edward Dillinger   4 May 2021 2:46am
Am short of words for the amazing profit you helped me earn in just a week with binary options strategy am so sorry I doubted at the beginning, I invested read more

C2RMTo Know More

Something Awesome Is In The Work









Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail