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Analysts said the company s financial segment performance was on the expected lines, with a drop in loan book, but asset quality was largely stable. ....
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. ....
Wadhawan bid: DHFL lenders appeal against NCLT’s order Top Searches Wadhawan bid: DHFL lenders appeal against NCLT’s order TNN / Updated: May 25, 2021, 06:43 IST FacebookTwitterLinkedinEMail Kapil Wadhwan (File photo) MUMBAI: The Reserve Bank of India-appointed administrator for DHFL has approached the appellate tribunal against the National Company Law Tribunal (NCLT) order on May 19 directing the committee of creditors to consider an offer made by the jailed promoter of DHFL Kapil Wadhawan. According to banking sources, following the directions would undermine all the progress achieved towards the resolution of the case. Lenders said that there was no question of doing a one-time settlement with Wadhawan because that would involve the RBI withdrawing the case from NCLT, providing a bank guarantee for expenses incurred by administrator and 90% of the voters agreeing to a proposal that was not a valid one in the first place. ....