But, this does not debar the insolvency court in Mumbai to pronounce its decision on the resolution plan submitted by the Piramal group, which was already approved by lenders and the Reserve Bank of India.
But, this does not debar the insolvency court in Mumbai to pronounce its decision on the resolution plan submitted by the Piramal group, which was already approved by lenders and the Reserve Bank of India.
DHFL Insolvency: NCLAT Stays Order Directing Vote On Wadhawan Offer
May 25 2021, 6:39 PM
May 25 2021, 12:52 PM
May 25 2021, 6:39 PM
The National Company Law Appellate Tribunal stayed an order that directed creditors of Dewan Housing Finance Corp. to consider a settlement offer by its promoter Kapil Wadhawan.The National Company Law Tribunalâs Mumbai bench last week asked the Committee of Creditors to consider and vote on the offer by Wadhawan within 10 days. According to the NCLTâs order, since the settlement proposed to pay over Rs 91,000 crore to the financial .
The National Company Law Appellate Tribunal stayed an order that directed creditors of Dewan Housing Finance Corp. to consider a settlement offer by its promoter Kapil Wadhawan.