Dhfl Resolution News Today

Trading in shares of DHFL will be suspended with effect from June 14, 2021 i.e. closing hours of trading on June 11, 2021, NSE said in a circular to its members.

NCLAT stays NCLT order asking DHFL lenders to consider Kapil Wadhawans offer A vacation bench of NCLAT, comprising of Acting Chairman Justice A I S Cheema and Member Technical V P Singh, stayed the order passed by NCLT. BusinessToday.In | May 25, 2021 | Updated 19:44 IST Last year, Wadhawan had made his settlement offer to the CoC which was rejected due to lack of credibility and the valuations attached to the proposed asset sales. The National Company Law Appellate Tribunal (NCLAT) on Tuesday...

Read more about DHFL resolution: Lenders move NCLAT against Kapil Wadhawans offer on Business Standard. The committee of creditors cannot do it. Also, it requires a high threshold of approvals from the CoC.

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.

RBI Approves DHFL Resolution Plan:- The Reserve Bank of India cleared the acquisition of the Diwan Housing Finance Corporation by Piramal Capital and Housing Finance. The group is pipped the USA-based management firm Oaktree after they placed a bid which is higher than the company last month. "We understand that the RBI has approved the DHFL resolution plan from Piramal Capital and Housing Finance, submitted by the CoC" told Piramal Group in a statement. The Indian public sector banks voted in ...

Read more about Legal hurdles await DHFL resolution process; lenders meeting today on Business Standard. Lenders meeting today to press for better share in recoveries from frauds

DHFL resolution bid: A guru and a tycoon feel India’s endless bank salvage pain OakTree Capital founder Howard Marks. Photo: BloombergPremium 4 min read . Updated: 13 Jan 2021, 01:52 PM IST Bloomberg As a battle shapes up around collapsed lender Dewan, central bank stress tests predict non-performing assets in the system could double Share Via Read Full Story After years of trying, making India’s broken banks whole is still very much like pulling teeth. The twists and turns in the $1...