Housing Development and Infrastructure Ltd has informed BSE that:
'This has reference to queries made to us with respect to notice served on the promoters of the Company under Securitisation and Reconstruction of Financial Assets and enforcement of Security Interest Act, 2002 with regard to their loan from Indiabulls Housing Finance Limited.
We are informed by the promoters that they have taken a mortgage Loan against their property situated at Goa for their personal use and interest on the said loan was not paid. We are informed by the promoters that they will be clearing the dues shortly and matter is being sorted out and resolved with the lenders'.
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