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DHFL resolution: Company receives no objection from RBI, files application with NCLT
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Last Updated: Feb 25, 2021, 11:26 PM IST
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In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings.
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In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings.
DHFL on Thursday said it has received no objection from the Reserve Bank and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance. Earlier this week, DHFL had announced Piramal group s resolution plan getting approval from the RBI.
Earlier this week, DHFL had announced Piramal group s resolution plan getting approval from the RBI. Pursuant to the receipt of no objection from Reserve Bank of India as per Insolvency and Bankruptcy Rules, 2019, the administrator of Dewan Housing Finance Corporation Limited (DHFL) has filed an application for submission of resolution plan of Piramal Capital & Housing Finance Limited (PCHFL) with the adjudicating authority NCLT, Mumbai Bench, DHFL said in a regulatory filing. The resolution plan has been approved by the Committee of Creditors (CoC). In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings.
NSEL Crisis: Chidambaram represents Not Fit and Proper brokers in SC
By IANS |
Published on
Mon, Feb 22 2021 20:27 IST |
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Congress leader P Chidambaram.(File Photo: IANS) Image Source: IANS News
New Delhi: Former Finance Minister and Congress leader P. Chidambaram addresses a press conference after the presentation of the Union Budget 2020-21 by the current Finance Minister Nirmala Sitharaman in the Parliament; at the party s headquarters in Image Source: IANS News
New Delhi, Feb 22 : Former Union Finance Minister and senior counsel P. Chidambaram is representing top brokers in the Supreme Court, who have been declared Not Fit and Proper by the Securities and Exchange Board of India (SEBI) in the Rs 5,600 crore NSEL payment crisis.
NSEL Crisis: Chidambaram represents not fit and proper brokers in SC | India News indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.