Home >Companies >News >Delhi High court issues notice to Citizens Whistle Blower Forum in a perjury plea by IndiaBulls
The petitioner has further sought directions to the Ministry of Corporate Affairs, Registrar of Companies (ROC), Serious Fraud Investigation Office (SFIO), National Housing Bank (NHB), Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) to take action against IBHFL and its promoters/owners.
The petitioner has further sought directions to the Ministry of Corporate Affairs, Registrar of Companies (ROC), Serious Fraud Investigation Office (SFIO), National Housing Bank (NHB), Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) to take action against IBHFL and its promoters/owners.

Delhi High court issues notice to Citizens Whistle Blower Forum in a perjury plea by IndiaBulls

  • The court has given two weeks time to the respondents to file a reply to it
  • The petition is filed by an organization called Citizens Whistle Blower Forum (CWBF) which is a registered organization working to provide a platform to whistleblowers across to country

New Delhi: Delhi high court on Tuesday issued notice to Citizens Whistle Blowers Forum in a perjury plea against it by IndiaBulls. The matter would be next heard on 24th October.

The court had on last Friday issued notice to IndiaBulls Housing Finance Limited (IBHFL), SEBI, RBI and other respondents in Public interest litigation (PIL) which seeks direction for an in-depth, thorough and time bound investigation by a SIT into various serious illegalities, violations and siphoning committed by the promoters of Indiabulls Housing Finance Limited (IBHFL), its subsidiaries and their promoters.

The court has given two weeks time to the respondents to file a reply to it.

The petitioner has further sought directions to the Ministry of Corporate Affairs, Registrar of Companies (ROC), Serious Fraud Investigation Office (SFIO), National Housing Bank (NHB), Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) to take action against IBHFL and its promoters/owners.

The petition is filed by an organization called Citizens Whistle Blower Forum (CWBF) which is a registered organization working to provide a platform to whistleblowers across to country and to take up litigation on their behalf in order to provide them anonymity and to instill in them the necessary confidence to make disclosures without fear, arrange for their objective and impartial investigation and help to take such cases to their logical conclusions in a time bound manner.

The petitioner has prayed for a direction to the Ministry of Corporate Affairs to conduct an investigation through the Serious Fraud Investigation Office (SFIO) into the irregularities into the financial affairs of Indiabulls and companies involved in transactions with Indiabulls and a direction to the Reserve Bank of India (RBI) and National Housing Bank (NHB) to investigate the financial affairs of IBHFL and to direct a special audit of IBHFL.

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