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.
NCLAT stays NCLT diktat to banks to mull Wadhawan offer
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Direction not to impair approval of plan selected by CoC
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Direction not to impair approval of plan selected by CoC The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the direction of NCLT Mumbai telling DHFL’s lenders to consider the offer by the debt-ridden mortgage firm’s erstwhile promoter Kapil Wadhawan. A vacation bench of NCLAT comprising Acting Chairman Justice A.I.S. Cheema and Member-Technical V.P. Singh stayed the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT).
DHFL resolution: NCLAT stays NCLT order to consider Wadhawan s offer freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.