Earlier, the company had disclosed its plans to focus on its India business and cut down on debt
The court listed the matter for further hearing on December 13
Thus far in the July-September quarter, the market price of Indiabulls Real Estate more than halved from level of Rs 114, as compared to 1.5 per cent decline in the S&P BSE Sensex.
Indiabulls Real Estate has sold a 50 stake in Indiabulls One Centre and Indiabulls Finance Centre in the Lower Parel area of Mumbai and a commercial property in Gurugram to Blackstone
The company's counsel argued in the court that it was "malicious" and "malafide" petition which was causing loss to its business and reputation
From economists cutting their projection of the GDP expansion for 2019-20 to the govt considering more sops and benefits to push electric mobility, here are the top business headlines for Wednesday
Indiabulls now mulling partnership with Blackstone for its commercial real estate assets
Rajya Sabha member Subramanian Swamy sent a letter to Prime Minister Narendra Modi, accusing the group of frauds worth Rs 1 lakh crore
Indiabulls Housing Finance and Indiabulls Commercial Credit Limited (ICCL) are slated to merge with Lakshmi Vilas Bank Limited (LVB)
Senior advocate A M Singhvi, appearing for the company, mentioned the matter for urgent listing before a vacation bench comprising justices Indira Banerjee and Ajay Rastogi
A banking licence, unlike, say, a licence to enter the telecom or gas business, is not sold to the highest bidder; it goes to a "fit and proper" entity
In January, another subsidiary Indiabulls Life Insurance Company had received R1 approval from Insurance Regulatory and Development Authority of India (Irdai)
Subject to satisfaction of closing conditions, the transaction is to be completed in tranches by September 30, 2019
Indiabulls Ventures hit a new high of Rs 381, up 20% in intra-day today, gaining 37% in past two trading days from Rs 278 on Thursday, on back of heavy volumes
Once this transaction is concluded, Indiabulls will cease its sole control over the two subsidiaries IPPL and IRECPL
Indiabulls Housing Finance standalone net profit rises 24.17% in the September 2017 quarter
Its Board has declared an interim dividend of Rs 9 per equity share for FY18
Real estate market is perceived to be in dumps, and demonetisation has dealt it a near-fatal blow
They said some instances of "asset transfers" are also under their scanner
Non-convertible redeemable debentures have a 10-year tenure with a 9.30% per annum coupon rate