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Under the lens

1
Under the lens

Verdict on Indiabulls puts RHT Trust under scanner; INR2,341 crore sword hangs over Singh brothers

The voluntary winding up of RHT Trust, which was once “virtually owned” by the brothers, their families, and others, has been halted after legal advice. Meanwhile, Indiabulls had to cough up INR18 crore to mitigate the Supreme Court’s ire for contempt. If the brothers, now in jail, want some leniency from the court, they will have to pay INR2,341 crore.

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Result

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