Indiabulls case: Supreme Court to decide on listing the matter
New Delhi, June 12 (IANS) Indiabulls Housing Finance Ltd on Wednesday moved the Supreme Court complaining that the company is facing loss in share value arising from press reports following a plea filed in the court by a milk vendor, who holds a total of only four shares.
Urging the apex court to take up the matter urgently, the company alleged that it is being blackmailed through the use of a novel technique.
Appearing for the company, Senior Advocate Abhishek Singhvi said the milk vendor's plea had already caused a huge loss to the firm.
The court will decide on the listing of the matter later in the day.