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BSE, NSE suspend trading in DHFL shares
Leading exchanges BSE and NSE will suspend trading in the shares of Dewan Housing Finance Corporation Ltd (DHFL) with effect from Monday.
The move, aimed at avoiding market complications , comes against the backdrop of the National Company Law Tribunal (NCLT) approving Piramal Group s resolution plan for the bankrupt-DHFL. The resolution plan under the Insolvency and Bankruptcy Code (IBC) was approved by the tribunal on June 7.
In separate but similarly-worded circulars issued on Friday, BSE and NSE said they would suspend trading in the shares of DHFL with effect from June 14.
The approved resolution plan provides for delisting of equity shares of the company.
Trading in equity shares of Dewan Housing Finance Corporation Ltd suspended equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Northlines
Uttam Gupta
Even as the Government is making all efforts to ensure that the Gross Domestic Product (GDP) after witnessing 8 per cent contraction during 2020-21 returns to a high growth trajectory, it is concerned about the tepid recovery in credit availability which is considered to be the sine qua non of growth. According to the latest data by the Reserve Bank of India (RBI), the annual non-food bank credit growth in January this year was at 5.7 per cent compared to 8.5 per cent in the same period last year. Credit to industry, however, contracted by 1.3 per cent in January 2021 as compared to 2.5 per cent growth in January 2020.
DHFL booked for creating 2 60 lakh fake home loan accounts under PMAY thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Mumbai: DHFL promotersâ bail pleas rejected by CBI court
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The bail applications of Dewan Housing Finance Corporation Limited (DHFL) promoters Kapil Wadhawan and Dheeraj Wadhawan were on Monday rejected by a special Central Bureau of Investigation court in the Yes Bank scam case.
Earlier, their pleas were rejected by a magistrate court on January 8 to which the case had been transferred in July last year at the stage of taking cognisance. It had been transferred as the CBI had not secured the necessary sanctions required to prosecute public servants in cases under the Prevention of Corruption Act (PCA).
On January 13, the duo had approached the CBI court for bail. In their bail pleas, the brothers had told the court that the debentures for investment in which by Yes Bank they had allegedly paid bribe to its ex-CEO Rana Kapoor, were oversubscribed by over 2.73 times. DHFL, they said, did not need Yes Bankâs money and had many eager investors. Further, their plea st