Indiabulls group involved in massive financial irregularities, alleges petition in Delhi High Court

Posted on Oct 12 2019 - 6:35am by admin

The Delhi High Court on Friday issued notice to the Centre on a Public Interest Litigation that has sought an investigation into alleged financial irregularities by the Indiabulls group, the owners of the country’s second-largest housing finance company.

The petition, filed by Citizens Whistle Blower Forum, a civil society organisation, claimed that the Indiabulls Housing Finance Limited has over the years taken large loans from public and private banks. Since the alleged irregularities involve public money, the petition argued that a comprehensive investigation is a necessity.

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