DHFL Administrator, Lenders Move NCLAT Against NCLT Order
Moneylife Digital Team
0
R Subramaniakumar, the Reserve Bank of India (RBI)-appointed administrator for Dewan Housing Finance Ltd (DHFL), late on Sunday night moved the National Company Law Appellate Tribunal (NCLAT) against last week’s National Company Law Tribunal (NCLT) order asking lenders to consider Kapil Wadhawan s settlement offer. In its appeal, the administrator has termed the NCLT order illegal and in breach of settled provisions of law .
While reporting on the contents of the appeal, a CNBC report said that the appeal says, “The adjudicating authority (NCLT), in passing the impugned order, has overlooked relevant facts, and settled law, ignoring the submissions and contentions of not only the appellant (administrator) and the committee of creditors (CoC), but also the RBI”.