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Kapil Wadhwan Moves SC Against NCLAT Stay Against His DHFL Offer

Kapil Wadhwan Moves SC Against NCLAT Stay Against His DHFL Offer Moneylife Digital Team  1 Kapil Wadhawan, former promoter of the beleaguered Dewan Housing Finance Ltd (DHFL), has filed a plea in the Supreme Court (SC) challenging the stay granted by the National Company Law Appellate Tribunal (NCLAT). On 25th May, the NCLAT had stayed the National Company Law Tribunal (NCLT)  Mumbai bench s 19th May order which directed DHFL s lenders consider Mr Wadhawan s settlement offer.    Kapil Wadhawan is said to have filed the appeal petition in SC on Monday evening. He is currently in judicial custody for his alleged misdeeds.    Kapil Wadhawan’s proposal offers more than Rs91,000 crore to the creditors, which is higher than the Rs37,250 crore offered by the winning bidder, Piramal group and, hence, the committee of creditors (CoC) must consider it, the NCLT had said in its order.

SFIO Limited Young Professional And Consultant Posts Recruitment 2021 Serious Fraud Investigation Office Notification 66 Vacancies Check Vacancy Details And How To Apply | સીરિયસ ફ્રોડ ઇન્વેસ્ટિગેશન ઓફિસે કંસલટન્ટ સહિત અલગ-અલગ જગ્યા પર ભરતી માટે અરજી માગી, 19 જૂન સુધી અપ્લાય કરો

SFIO Limited Young Professional And Consultant Posts Recruitment 2021 Serious Fraud Investigation Office Notification 66 Vacancies Check Vacancy Details And How To Apply | સીરિયસ ફ્રોડ ઇન્વેસ્ટિગેશન ઓફિસે કંસલટન્ટ સહિત અલગ-અલગ જગ્યા પર ભરતી માટે અરજી માગી, 19 જૂન સુધી અપ્લાય કરો
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DHFL Administrator, Lenders Move NCLAT Against NCLT Order

DHFL Administrator, Lenders Move NCLAT Against NCLT Order Moneylife Digital Team  0 R Subramaniakumar, the Reserve Bank of India (RBI)-appointed administrator for Dewan Housing Finance Ltd (DHFL),  late on Sunday night moved the National Company Law Appellate Tribunal (NCLAT) against last week’s National Company Law Tribunal (NCLT) order asking lenders to consider Kapil Wadhawan s settlement offer. In its appeal, the administrator has termed the NCLT order illegal and in breach of settled provisions of law .    While reporting on the contents of the appeal, a CNBC report said that the appeal says, “The adjudicating authority (NCLT), in passing the impugned order, has overlooked relevant facts, and settled law, ignoring the submissions and contentions of not only the appellant (administrator) and the committee of creditors (CoC), but also the RBI”.

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