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Delhi HC agrees to admit petition to probe Indiabulls

Sep 27, 2019 20:17 IST

The Delhi High Court on Friday agreed to hear the petition to probe Indiabulls Housing Finance. The public interest litigation or PIL filed by Kamini Jaiswal alleged that loans were advanced to the non-banking finance company under suspicious circumstances. The case will be heard on December 15. The high court has issued notice to the government, Securities and Exchange Board of India and the Reserve Bank of India seeking their stand to probe the firm. The court has further asked the Serious Fraud Investigation Office or SFIO to probe the alleged financial wrongdoing. 

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