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Kapil Wadhawan: DHFL lenders, RBI administrator file applications at NCLAT against Kapil Wadhawan's offer


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. ....

Kapil Wadhawan , Ajay Piramal , Piramal Group , National Company Law Appellate Tribunal , Dewan Housing Finance , Appellate Tribunal , Bankruptcy Code , Inter Corporate Deposits , January Billionaire Ajay Piramal , Oaktree Capital , Adani Capital , கபில் வாதவன் , அஜய பிரமல் , பிரமல் குழு , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , திவான் வீட்டுவசதி நிதி , மேல்முறையீடு தீர்ப்பாயம் , திவால்நிலை குறியீடு , இடை பெருநிறுவன வைப்பு , ஓக் மரம் மூலதனம் , அதானி மூலதனம் ,