Refuting social media messages, Indiabulls Housing Finance Ltd on Monday said that the company as well as its promoters and their families have zero outstanding on term loans from Yes Bank.
In a regulatory filing, Indiabulls Housing Finance says, "The outstanding terms loans from Yes Bank to Indiabulls Housing Finance are Zero. The outstanding term loans from Yes Bank to promoter of Indiabulls Housing Finance or any of his promoter companies or family members companies are Zero."
According to the home loan-provider, "the misinformation campaign on Indiabulls Housing Finance is being orchestrated by the blackmailing and extortion gang who we have been dealing with for past one year, few members of this gang are in jail and few are absconding." "We are in process of taking legal action on various media platforms that the gang is abusing to spread misinformation about Indiabulls Housing Finance," it added.
Indiabulls Housing Finance says, various public interest litigations (PILs) in different courts were filed against the company by Kislay Panday, which were dismissed. "While dismissing the application of Kislay Panday, a proclaimed offender and the mastermind of various PILs in different courts against Indiabulls Housing Finance and the leader of blackmailing gang, the High Court order quoted in its order dated 27 February 2020: 'Therefore, looking into the allegations of blackmailing and extortion of money from the complainant, I do not find that from the bare perusal of the first information report (FIR) it can be quashed'."
“Even at the stage when the petition was filed, non bailable warrants were issued against the petitioner. The anticipatory bail of the petitioner was dismissed by the trial Court and thereafter the petitioner travelled abroad and never returned back,” the Court was quoted as saying in the company release.