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Plea for probe into alleged misappropriation of funds by Indiabulls, HC seeks reply

PTI
Published : Sep 27, 2019, 3:29 pm IST
Updated : Sep 27, 2019, 3:29 pm IST

A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Centre, RBI and Indiabulls.

(Photo: File)
 (Photo: File)

New Delhi: The Delhi High Court on Friday sought response of the Centre and the Reserve Bank of India RBI on a plea seeking an SIT investigation into the alleged illegalities, siphoning of funds and violations committed by the promoters of Indiabulls Housing Finance Ltd (IBHFL).

A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the central government, Reserve Bank of India and Indiabulls seeking their stand on the petition filed by an NGO. The court listed the matter for further hearing on December 13.

Tags: delhi high court, reserve bank of india, rbi, indiabulls housing finance ltd, sit investigation
Location: India, Delhi, New Delhi
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