Primal Capital s Bid Gets Approval by DHFL Creditors
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The creditors of Dewan Housing Finance Corporation Ltd (DHFL) have approved the resolution plan submitted by Piramal Capital and Housing Finance Limited. The 18th committee of creditors (CoC) took this decision after holding a meeting on January 15 (Friday).
According to a regulatory filing released on Sunday, DHFL has said that the company has approved the resolution plan submitted by Piramal Capital and Housing Finance Limited (under Option I in terms of the RFRP dated September 16, 2020) by CoC by majority voting under section 30(4) of the Insolvency and Bankruptcy Code read with Reg. 39(3) of CIRP Regulations, as the successful resolution plan.
: Monday, January 18, 2021, 3:25 PM IST
Cox and Kings loan fraud case: Special court takes cognizance of chargesheet against Peter Kerkar, Rana Kapoor, 11 others
Peter Kerkar (L) and Rana Kapoor (R)
Mumbai: A special court designated under the Prevention of Money Laundering Act (PMLA) last Wednesday took cognizance of the chargesheet filed by the Enforcement Directorate (ED) in the Cox and Kings loan fraud case and issued process against 13 accused in the case including the travel groupâs promoter Ajit Peter Kerkar, its Chief Financial Officer Anil Khandelwal, internal auditor Naresh Jain and Yes bank founder Rana Kapoor.
One of the accused Sagar Deshpande, who was a senior accountant with the travel group was reported dead and hence the case against him stood abated, Additional Sessions Judge Abhijeet A. Nandgaonkar said in his order.
Dewan Housing Finance Corporation Ltd (DHFL) on Sunday said that its Committee of Creditors (CoC) has approved the resolution plan of Piramal Capital and Housing Finance Ltd."The resolution plan submitted by Piramal Capital and Housing .
DHFL lenders approve Piramal bid for resolution plan
DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company s board was superseded and R Subramaniakumar was appointed as the administrator
BusinessToday.In | January 17, 2021 | Updated 22:27 IST
The creditors of beleagured mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) have approved the resolution bid submitted by Piramal Capital and Housing Finance Limited. The decision was taken at the 18th committee of creditors (CoC) meeting held on January 15, 2021. The e-voting on resolutions pursuant to the 18th meeting of the Committee of Creditors of the company concluded on January 15, 2021 at 8 pm IST and the resolution plan submitted by Piramal Capital and Housing Finance Limited (under Option I in terms of the RFRP dated September 16, 2020) was duly approved by CoC by majority voting under section 30(4) of the Insolvency and Bankruptcy Code read with Reg. 39(3) of