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NCLT dismisses lawsuit demanding probe into affairs of Indiabulls Housing Finance

By Economic Times - 9 months ago
Supertech Realtors alleged that Indiabulls Housing Finance had illegally deducted excess sums of money from its loan account. In its lawsuit, the real estate firm alleged that the total sum accrued to it was ₹5,873 crore but Indiabulls Housing Finance deducted ₹6,150 crore from its loan account. It alleged that this was a fraudulent act which had public interest ramifications because it would impinge on its ability to deliver flats to customers.

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