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Sensex wobbles around flatline as Covid cases fall slightly What else is impacting market

Sensex wobbles around flatline as Covid cases fall slightly. What else is impacting market SECTIONS Share ONGC was the top gainer on the 50-scrip index, up 1.76 per cent. The S&P BSE Sensex index rose as much as 278.01 points to touch 48,996.53 in early deals. INSIGHTS NSE Explore Now NEW DELHI: Dalal Street started Tuesday s session with some gains as investors witnessed a drop in total coronavirus infections, but benchmark indices slipped below the flatline with risks still remaining high. This bull market, which has been climbing many walls of worries, is likely to remain resilient supported by positive news on the Covid front, said an analyst. The latest data indicates plateauing of the Covid curve and a steady decline in Covid numbers in 13 states including Maharashtra.

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Bombay HC directs Palghar Police to stay probe against Indiabulls Housing Finance

Synopsis The mortgage lender had approached the court after a company shareholder approached the local police station in the Palghar District alleging siphoning of funds and sought the lower court’s intervention to direct the police to investigate the matter. ANI IHFL moved the high court to challenge the lower court’s order and sought quashing of the FIR against the company. In a relief for the Indiabulls Housing Finance Ltd (IHFL), the Bombay High Court has stayed an investigation against the company by the Palghar police until the case is heard. The Court in its order, while staying the probe by local police observed that the complaint on which the case was filed “appeared to be malafide and deficient”.

Ashutosh kambleAmit desaiJustice manish pitaleSuperintendent of policeBombay high courtPalghar districtJudicial magistrateTowada districtCriminal procedure codeIndiabulls housing financeஅமித் தேசாய்கண்காணிப்பாளர் ஆஃப் போலீஸ்குண்டு உயர் நீதிமன்றம்பல்காற் மாவட்டம்நீதித்துறை மாஜிஸ்திரேட்குற்றவாளி ப்ரொஸீஜர் குறியீடு

Bombay HC stays investigation under FIR against Indiabulls Housing

A Division Bench of the Bombay High Court on Tuesday stayed all investigations by the Palghar police regarding a first information report against Indiabulls Housing Finance (IBHL) for allegedly siphoning off funds and for accounting irregularities. In its order, the court cast serious doubts on the bonafides of the complainant Ashutosh Kamble, a shareholder of the company. IBHL had approached the court and the petition was taken up for urgent hearing. The court noted that the Supreme Court has laid down that “interference at the stage of investigation can be justified only in exceptional cases …” Noting the malafide intent of the complainant, the court said it is prima facie of the opinion that the complaint “appears to be malafide and deficient”.

Ashutosh kambleSupreme courtMinistry of corporate affairsDivision benchBombay high courtIndiabulls housing financeCorporate affairsஉச்ச நீதிமன்றம்அமைச்சகம் ஆஃப் பெருநிறுவன வாழ்க்கைத்தொழில்கள்பிரிவு பெஞ்ச்குண்டு உயர் நீதிமன்றம்இந்தியபுழிளஸ் வீட்டுவசதி நிதிபெருநிறுவன வாழ்க்கைத்தொழில்கள்

Police register FIR against Indiabulls promoters, directors, company moves court to get FIR quashed | कोर्ट के आदेश पर पुलिस ने दर्ज की एफआईआर, कंपनी फंड के गबन का आरोप

Police register FIR against Indiabulls promoters, directors, company moves court to get FIR quashed | कोर्ट के आदेश पर पुलिस ने दर्ज की एफआईआर, कंपनी फंड के गबन का आरोप
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Ashutosh kambleAshutosh kamblea palgharSamir gehlotCompany theCompany fundCompanya bombay high courtBombay high courtIndiabulls groupa companiesIndiabulls groupCompany maharashtraCompanya fundHigh courtIndiabulls housing financeநிறுவனம் திநிறுவனம் நிதிகுண்டு உயர் நீதிமன்றம்

Police book Indiabulls promoters, directors; firm moves court to quash FIR

The Maharashtra Police has booked Indiabulls group companies, including its flagship Indiabulls Housing Finance (IBHL), for allegedly siphoning off funds and for accounting irregularities committed by the promoters and directors of the company between 2014 and 2020. A first information report was registered by the Palghar police on April 13 under various sections of Indian Penal Code dealing with cheating, fraud and criminal conspiracy. The move comes after Palghar’s judicial magistrate passed an order under Section 156 (3) of the Code of Criminal Procedure (power to direct police/agency to investigate the matter), following a complaint filed by Ashutosh Kamble, a shareholder of IBHL.

Prashant bhushanAshutosh kambleHarish fabianiAruna royAbhay yadavSameer gehlautBombay high courtCitizens whistle blower forumDelhi high courtMaharashtra policeIndiabulls housing financeIndian penal codeCriminal procedureEnforcement directorateBombay highAmericorp capital