Indiabulls Housing Finance Limited (BSE Scrip Code - 535789, NSE: IBULHSGFIN/EQ) has announced with reference to PIL, filed in Hon'ble Delhi High Court, against Indiabulls Housing Finance (IBHFL) on loans given to five Groups, today the Ministry of Corporate Affairs, Government of India, filed an affidavit in the Court stating "As far as the loans given by IBHFL to five companies, viz, DLF, Amricorp, Vatika, ADAG and Chordia which are the subject matter of the instant Writ Petition, the report states that loans given to Amricorp, ADAG and DLF have been repaid and loans given to other two entities viz Vatika and Chordia reported to be "Standard Accounts".
The petitioners had alleged in the PIL that the loans were given to shell companies. The Company had refuted the allegations in the Court and had submitted documentary proofs and bank statements with respect to these loans. Subsequently, the Hon'ble Court had issued a Perjury Notice to the petitioners.
The facts stated in Govt affidavit, filed today, provides a true and clear picture about the allegations made in the PIL.
Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.334.2 as compared to the previous close of Rs. 268.1. The total number of shares traded during the day was 10971945 in over 106015 trades.
The stock hit an intraday high of Rs. 347.65 and intraday low of 272.45. The net turnover during the day was Rs. 3341769079.