Updated Feb 18, 2021 | 15:41 IST
The resolution plan is likely to be submitted to the National Company Law Tribunal for approval within a week, sources told ET Now. (Representational Image) | Photo Credit: BCCL
Key Highlights
Piramal s plan had received 94 per cent of votes from the CoC on January 15, making it the preferred bidder
The resolution plan was submitted to the RBI for approval in the last week of January, said sources
Piramal Enterprises is now a step closer to bagging the bankrupt housing finance company Dewan Housing Finance Limited (DHFL) after the Reserve Bank of India (RBI) approved the resolution plan submitted via its wholly-owned subsidiary Piramal Capital and Housing Finance.
Dewan Housing Finance Corporation Ltd posted a consolidated net loss of Rs 13,095.38 crore in the third quarter of the fiscal year as against a net profit of Rs 934.31 crore in the same period a year
ED arrests chairman, MD of Mumbai-based realty group in money laundering case
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Last Updated: Jan 27, 2021, 07:18 PM IST
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The Enforcement Directorate had raided at least 10 premises of the group and its promoters on January 25 on charges of misusing various permissions given under the Slum Rehabilitation Authority (SRA) schemes and allegations of diverting around Rs 450 crore taken by way of a loan from Yes bank, agency sources had said.
Agencies
Kapoor, whose bail petition in the case was rejected by the Bombay High Court on Monday, was arrested in a fresh money laundering case on Wednesday in Mumbai.
New Delhi: The ED has arrested the chairman and the managing director (MD) of Mumbai-based Omkar Realtors and Developers in connection with a money laundering case against them linked to the alleged loan fraud in Yes Bank, official sources said on Wednesday. They said Omkar Realtors and Developers chairman Kamal Kishore Gupta and MD Babulal Varma have bee
ED arrests Omkar Realtors Chairman, MD in Rs 22,000 crore SRA scam
Kamal Gupta, Chairman of Omkar Realtors and Developers, and Babulal Verma, Managing Director of the firm, have been arrested in connection with the alleged Rs 22,000 crore Slum Rehabilitation Authority (SRA) scam case
BusinessToday.In | January 27, 2021 | Updated 22:15 IST
ED arrests Chairman, MD of Omkar Realtors and Developers
The Enfrocement Directorate (ED) has arrested Chairman and Managing Director of Mumbai-based Omkar Realtors and Developers under the Prevention of Money Laundering Act (PMLA). Kamal Gupta, Chairman of Omkar Realtors and Developers, and Babulal Verma, Managing Director of the firm, have been arrested in connection with the alleged Rs 22,000 crore SRA scam case.
BookBaggage launches app-based delivery service in collaboration with Indian Railways
BookBaggage already offers baggage delivery services for airline passengers and has now extended it to Railways passengers. PTI
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Luggage delivery service provider BookBaggage on Tuesday announced the launch of its app-based service in collaboration with the Indian Railways, that aims to offer safe transit of luggage and parcel. BookBaggage already offers baggage delivery services for airline passengers and has now extended it to Railways passengers, the company said in a statement.
The company has simultaneously launched app-based end-to-end parcel services for customers wanting to send parcels by train, it added. We are thrilled to introduce our new app for Railway passengers. We as a brand are dedicated towards providing the best services to our customers and making their travel hassle-free.