NCLT asks DHFL lenders to consider Wadhawan s settlement offer
By IANS |
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DHFL.. Image Source: IANS News
New Delhi, May 19 : In a major turn of events in the resolution of DHFL, the National Company Law Tribunal (NCLT) has asked its lenders to consider the settlement offer of former promoter Kapil Wadhawan.
The tribunal has given the committee of creditors a period of 10 days to consider his offer and come back to the court with its decision by May 31, sources said.
Wadhawan had filed a petition at the NCLT and the order was reserved since January 15.
Kapil Wadhawan s offered to repay 100 per cent principal amount to all the creditors. In his revised proposal of Rs 91,158 crore for the creditors, Wadhawan promised to make an upfront payment of Rs 9,000 crore.
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NBCC, Suraksha submit revised bids for Jaypee Infra
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Last Updated: May 19, 2021, 05:30 PM IST
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Synopsis
State-owned NBCC and Suraksha group, which are on the fray to acquire Jaypee Infratech Ltd (JIL) through an insolvency resolution process, have submitted their revised bids and have also clarified issues raised by financial creditors.
Agencies
State-owned NBCC and Suraksha group, which are on the fray to acquire
Jaypee Infratech Ltd (JIL) through an insolvency resolution process, have submitted their revised bids and have also clarified issues raised by financial creditors. The companies have also improved their offers, which were submitted to the Committee of Creditors (CoC) on Tuesday.
In an oral order, the tribunal asked the administrator of DHFL, appointed by the Reserve Bank of India, to place the resolution plan before the Committee of Creditors.