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June 8, 2022
Mumbai: Builder remanded in judicial custody in Yes Bank - DHFL case
April 8, 2022
The Bombay High Court on Friday directed that Dewan Housing Finance Corporation Limited (DHFL) promoter Dheeraj Wadhawan be taken to a private hospital for surgery.
February 8, 2022
Government has said 43 large corporate debtors, each having total admitted claims of Rs 2,500 crore were resolved under IBC till December 31, 2021
January 21, 2022
The Enforcement Directorate (ED) on Friday arrested ex-Ranbaxy promoter Malvinder Singh in a money laundering case related to alleged misappropriation of funds of Religare Finvest Ltd (RFL). The central probe agency also arrested ex-CMD of Religare Enterprises Ltd Sunil Godhwani in the case.
June 1, 2021
Kapil Wadhawan, erstwhile promoter of Dewan Housing Finance Limited (DHFL), has moved Supreme Court against the order of the National Company Law Appellate Tribunal (NCLAT), staying the ruling of the bankruptcy tribunal (NCLT) asking banks to consider his offer. The lenders and the RBI-appointed administrator of DHFL had moved the NCLAT, challenging the order passed by the tribunal, saying there was no basis in law for such an order or the NCLT could not direct the committee of creditors (CoC...
May 24, 2021
DHFL had gone bankrupt with more than Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company. (Representative image) NEW DELHI: The committee of creditors of DHFL has challenged the National Company Law Tribunal (NCLT) order directing the lenders to consider the offer by the debt-ridden mortgage firms erstwhile promoter Kapil Wadhawan. An appeal challenging NCLT Mumbai benchs order has been filed before the Na...
January 15, 2021
Piramal wins race to acquire DHFL January 15, 2021 File Photo of Ajay Piramal, Chairman, Piramal Group. - BusinessLine× RELATED Debt resolution proposal got 94% of lenders’ votes After multiple rounds of bidding and counter bids, Piramal Capital and Housing Finance Ltd has won the race to acquire Dewan Housing Finance Corporation Ltd. The voting by the Committee of Creditors ended today. The debt resolution proposal submitted by Piramal received 94 per cent of the lenders’ votes, acc...