Hacked by islam_Bey imhatimi.org

With reference to the news item appearing in a leading financial daily titled “Indiabulls buys PAL-Peugeot land for Rs 676 cr”, Indiabulls Real Estate Ltd (IBREL) has clarified to BSE that IBREL has submitted its bid through its subsidiary, Citra Developers Ltd (CDL) in respect of auction held by Court Receiver, High Court, Bombay, for land of Pal Peugeot Ltd (in liquidation) situated at Dombivli. The said auction was conducted on April 22, 2008. The award of this bid and execution of definitive documents in respect of the same is subject to confirmation by the High Court of Bombay. There is presently no indication as to timing and manner in which the High Court order will be received.

Tags: Indiabulls Real

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