Piramal group gets RBI nod for DHFL acquisition
Updated:
Updated:
February 18, 2021 16:09 IST
The resolution plan was approved by the CoC in its 18th meeting concluded on January 15, 2021
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The CoC had approved a resolution plan submitted by a Piramal Group company, Piramal Capital and Housing Finance Limited, last month. Photo: www.piramal.com
The resolution plan was approved by the CoC in its 18th meeting concluded on January 15, 2021 Piramal Group on February 18 said the Reserve Bank of India (RBI) is understood to have cleared the resolution plan for debt-ridden DHFL as approved by the Committee of Creditors (CoC).
DHFL resolution: Lenders approve Piramal s bid
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Last Updated: Jan 17, 2021, 07:38 PM IST
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The resolution plan submitted by Piramal Capital and Housing Finance Limited was duly approved by CoC by majority voting under section 30(4) of the Insolvency & Bankruptcy Code..as the successful resolution plan, it said.
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DHFL was the first finance company to be referred to NCLT by the RBI using special powers under Section 227 of the IBC.
NEW DELHI: Debt-ridden mortgage lender
This was approved by the CoC in its 18th meeting concluded on January 15, 2021, DHFL said in a regulatory filing.
The resolution plan submitted by Piramal Capital and Housing Finance Limited was duly approved by CoC by majority voting under section 30(4) of the Insolvency & Bankruptcy Code..as the successful resolution plan, it said.