Tag: INDIABULLS

Indiabulls Housing moves NCLT against Radius Estate Projects

Indiabulls Housing finance has approached the NCLT Mumbai on 13/05/2022 a plea to admit Mumbai-based realty development firm Radius Estate Projects under Corporate Insolvency Resolution Process (CIRP). The realty firm owes over Rs 798 crore to Indiabulls Housing Finance. Indiabulls Housing Finance had extended loans to a few subsidiaries of Radius Developers and managed to recover most of it through

Indiabulls Housing Finance moves NCLT against Subhash Chandra

Indiabulls Housing Finance has moved the National Company Law Tribunal (NCLT) against media baron Subhash Chandra claiming he had personally guaranteed payment for loans given to companies that were co-borrowers with Essel group firms. It has claimed that Chandra provided a guarantee for a loan to Gnex Projects that obtained a Rs 190 crore loan from Indiabulls Housing Finance in