The striking claim of Indiabulls Housing on Yes Bank for Rs 662 crore.

Indiabulls Housing Finance said on Sunday that Yes Bank owes Rs 662 crore as bonds to the firm and does not have any term loans pending from the lender. “We wish to notify that Yes Bank via additional Tier 1 (AT-1) bonds owe to Indiabulls Housing Finance Rs 662 crore,” the report said in a regulatory filing.

Being part of its treasury management for over Rs 20,000 crore of cash for the 2017 financial year, the AT-1 bond investments of Yes bank were rendered and the value of the bank reached USD 10 billion consequently.

“Indiabulls Housing Finance does not have any term loans from Yes Bank,” they added. The non-banking finance company said further that Sameer Gehlaut, the promoter of Indiabulls Housing Finance or any of its businesses or family members do not have any credit obtained from Yes Bank.

Indiabulls Housing claims that the loans to DHFL by the company had been sourd. This is the scenario since Yes Bank co-founder and former CEO Rana Kapoor was arrested on alleged money laundering charges.

Yes Bank is subject to a moratorium until April 3 and is not permitted for customers to withdraw more than Rs 50,000 until this time, as well as the Board, has been replaced by the RBI, with a former SBI executive Prashant Kumar.

The RBI lays down the Yes Bank’s restructuring plan with SBI receiving 49 per cent of equity from the bankrupt lender of the private sector by investing Rs 2,450 crore.