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Indiabulls Housing moves SC for urgent hearing against misappropriation allegations

ANI  |  General News 

Housing Finance Limited has approached the for an urgent hearing on a petition filed against it, its and directors for alleged misappropriation of Rs 98,000 crore of public money.

A bench headed by Justice said that it would decide on urgent listing of plea at 2 PM today.

Senior advocates Abhishek Manu Singhvi, representing claimed that petition against the company alleging fraud is a blackmailing technique and hence their petition should be listed urgently for hearing.

The petition which was filed by an individual named Abhay Yadav few days back had alleged that money worth thousands of crores was siphoned off by Sameer Gehlaut, the of the Indiabulls, and the directors of for their personal use.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 12 2019. 13:18 IST