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NCLT asks DHFL lenders to consider Wadhawan's offer - The Hindu BusinessLine


NCLT asks DHFL lenders to consider Wadhawan’s offer
May 19, 2021
Bankers say since PCHFL’s resolution plan has been approved by majority of the lenders, it is unlikely that their decision will change.
The resolution of scam-hit DHFL has taken a new twist, with the National Company Law Tribunal (NCLT), Mumbai, asking the company’s committee of creditors (CoC) to consider former Chairman & Managing Director Kapil Wadhawan’s resolution plan within next 10 days.
This comes even as the Tribunal is weighing DHFL (Dewan Housing Finance Corporation Ltd) Administrator’s application on the resolution plan of Piramal Capital & Housing Finance Limited (PCHFL) as approved by the CoC. ....

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Looking for a home loan? This startup is ensuring hassle-free loans with its automated platform


Looking for a home loan? This startup is ensuring hassle-free loans with its automated platform
Gurugram-based Basic Home Loans is working to digitise home loans and increase affordable loan penetration for middle and low-income households.
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Housing is a fundamental need and it determines the aspiration of a society. In the last decade, there has been a lot of innovation to support housing for middle and low-income groups from the government. It is also an area of interest for many financial institutions.
Basic Loans was founded by
Atul Monga, Kalyan Josyula, and Pranav Khattar in 2020 to make home loans a faster and stress free process. The startup is working to digitise home loans and increase affordable loan penetration for middle and low-income households. ....

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