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NCLT Asks Creditors of DHFL to Consider Offer by Kapil Wadhawan
Moneylife Digital Team
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In a twist to the mess at Dewan Housing Finance Corporation Ltd (DHFL), the Mumbai bench of National Company Law Tribunal (NCLT) on Wednesday asked the committee of creditors (CoC) or lenders to consider offer made by DHFL s promoter Kapil Wadhawan, who is in jail.
The NCLT asked the CoC to convene within 10 days a meeting to consider the offer from Mr Wadhawan, and inform the bench its decision by 31st May, say media reports.
The NCLT pronounced a verbal order earlier on Wednesday, and the written copy is yet to be published. The NCLT order comes even as the same tribunal is hearing another matter involving a fraud claim against the same promoters of DHFL, filed by the Reserve Bank of India (RBI)-appointed administrator of the company, says a report from CNBCTV18 (https://www.cnbctv18.com/business/nclt-mumbai-asks-dhfl-creditors-committee-to-consider-wadhawans-offer-9353321.htm