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Sensex and Nifty are likely to open lower on Monday following a mixed trend in Asian markets. At 7:00 am, the Nifty was trading 55.00 points or 0.35 percent lower at 15,768. On Friday, Sensex and Nifty closed at record highs, led by gains in index heav ....
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. ....
Synopsis Piramal Group, which was the successful bidder to own the indebted home financier is contemplating a legal action against the NCLT’s order that sought consideration of a settlement proposal by Kapil Wadhawan. Lenders felt the erstwhile promoter never participated in the process and only came up with porous proposals via a letter, sent well beyond the stipulated period of bidding process. The settlement proposal by Wadhawan, according to bankers, comes “with numerous caveats and assumptions which makes it an uncertain bid for the CoC to accept”. DHFL) Monday filed two separate applications at the National Company Law Appellate Tribunal (NCLAT) challenging Mumbai NCLT’s order that sought consideration of a settlement proposal by Kapil Wadhawan, a businessman under investigation for misdeeds. ....
NCLT directs DHFL's administrator to submit Kapil Wadhawan's resolution plan to lenders indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.