Indiabulls case: SC to decide on listing the matter

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SME Times News Bureau | 12 Jun, 2019
Indiabulls Housing Finance Ltd on Wednesday moved the Supreme Court complaining that the company is facing loss in share value arising from press reports following a plea filed in the court by a milk vendor, who holds a total of only four shares.

Urging the apex court to take up the matter urgently, the company alleged that it is being blackmailed through the use of a novel technique.

Appearing for the company, Senior Advocate Abhishek Singhvi said the milk vendor's plea had already caused a huge loss to the firm.

The court will decide on the listing of the matter later in the day.