Bombay HC allows Indiabulls Housing Finance appeal to quash FI

The Bombay High Court on Wednesday allowed a plea by Indiabulls Housing Finance to quash an FIR filed by a shareholder, alleging siphoning off funds. 

“We believe that the lodgment of the complaint against the petitioners and continuity of the proceedings, is an abuse of process of law”, the high court said in its judgement.