mumbai the stock price of indiabulls housing finance one of the fastest growing home loan companies crashed 34 on monday the scrip tanked after a delhi high court bench issued notices to the companys promoter markets regulator sebi rbi national housing bank serious fraud investigation office sfio and the central government on a pil filed by an ngo to investigate the company for dubious loans the stock on the bse closed at rs 256 down from rs 389 on friday the companys top management on a conference call with global investors and analysts said it had enough liquid assets to meet all payment obligations till march 2020 and sounded optimistic about its merger with lakshmi vilas bank lvbearlier in the day market sentiment had turned negative after rbi put lvb with which indiabulls housing finance is planning a merger under preventive corrective action pca an order that limits the banks operations substantially the recent developments have put a question mark on the merger though the merged entity should be out of pca comfortably on a consolidated basis rumours about indiabullss substantial exposure to anil ambanis reliance group as well as to real estate major dlf also weighed on the stock price dealers saidin the conference call the indiabulls management said that it had no exposure to the reliance group and its loan of rs 38 crore to dlf was repaid last week some analysts who attended the call said that the management was confident that its merger proposal with lvb should get the regulatory nod by november it also said that it had about rs 20000 crore worth of liquid assets to meet all its financial obligations till march 2020