Indiabulls withdraws plea before Delhi HC on payment to its non-convertible debenture holders, Order on status quo on payment quashed

Indiabulls withdraws plea before Delhi HC on payment to its non-convertible debenture holders, Order on status quo on payment quashed
Delhi High Court

The Delhi High Court yesterday allowed Indiabulls Housing Finance to withdraw its petition concerning the repayment to be made to its Non-Convertible Debenture holders.

Indiabulls withdrew the petition with the liberty to institute an appropriate proceeding in law.

Accordingly, the order for maintenance of status quo with respect to the repayment to be made by Indiabulls Housing Finance to its Non-Convertible Debenture holders has been set aside and quashed by the Court (ICIC Lombard General Insurance vs Indiabulls Housing Finance Order)

(SEBI vs Indiabulls)

(Association of Mutual Funds of India vs Indiabulls)

(IDBI Trusteeship vs Indiabulls)

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