The Ministry of Corporate Affairs (MCA) on Thursday said it has found no irregularities in the loans given to five companies by Indiabulls Housing Finance, as alleged in a public interest litigation (PIL), sending the stock up more than 24 per cent. The ministry said this in an affidavit submitted in the Delhi High Court.
It is, however, still probing the company, one of the country’s largest real estate lenders, and has sought two months’ time for filing additional affidavit in this matter. Any violations will be dealt with “as per law”, the MCA ...
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