Piramal Group completes Rs34,250-cr acquisition of Dewan Housing domain-b.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from domain-b.com Daily Mail and Mail on Sunday newspapers.
NCLAT stays NCLT order on DHFL
May 25, 2021
Committee of Creditors of DHFL, Administrator had filed separate applications challenging the NCLT order
In a relief to the ongoing resolution process of Dewan Housing Finance Corporation Ltd, the National Company Law Appellate Tribunal (NCLAT) has stayed an order by the National Company Law Tribunal (NCLT), which had directed the lenders to consider the offer made by Kapil Wadhawan.
The NCLAT heard the plea by the Committee of Creditors of DHFL challenging the May 19 order of NCLT on Tuesday.
Both the Committee of Creditors of DHFL as well as the Administrator had filed separate applications challenging the NCLT order to consider the offer made by its former promoter Kapil Wadhawan within the next 10 days.
Piramal group gets RBI nod for DHFL acquisition
Updated:
Updated:
February 18, 2021 16:09 IST
The resolution plan was approved by the CoC in its 18th meeting concluded on January 15, 2021
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The CoC had approved a resolution plan submitted by a Piramal Group company, Piramal Capital and Housing Finance Limited, last month. Photo: www.piramal.com
The resolution plan was approved by the CoC in its 18th meeting concluded on January 15, 2021 Piramal Group on February 18 said the Reserve Bank of India (RBI) is understood to have cleared the resolution plan for debt-ridden DHFL as approved by the Committee of Creditors (CoC).
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