Real Estate
company Housing Development &
Infrastructure Ltd (HDIL) on recently said that its promoters have paid
interest arrears on loan taken from Indiabulls Housing Finance.
HDIL said last week
that its promoters had not paid interest on loan taken for their personal use
from Indiabulls Housing Finance.
Indiabulls had served
notice on the HDIL promoters under Securitisation and Reconstruction of
Financial Assets and enforcement of Security Interest (SARFAESI) Act, 2002.
In a filing to the
Bombay Stock Exchange (BSE) HDIL said, "the firm has been informed by the
promoters that they have paid the interest arrears on their loan from
Indiabulls Housing Finance Ltd."
"Indiabulls have
acknowledged the receipt of their dues & have withdrawn their notice under
Securitisation and Reconstruction of Financial Assets and enforcement of
Security Interest Act, 2002" it added.
Promoters have taken
a mortgage loan against their property in Goa for their personal use, and the
interest on loan was not paid.
Promoters have 36.17%
stake in the company as on June 30, 2013. In the afternoon trade, shares of
HDIL was up 1.34% to Rs. 30.20 apiece on BSE.
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