DHFL Says Committee of Creditors Approved Piramal s Resolution Plan
IANS
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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 Finance Ltd (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 & Bankruptcy Code read with Reg. 39(3) of CIRP Regulations, as the successful resolution plan, DHFL said in a regulatory filing.
According to sources, Piramal received 94% of the votes from the Committee of Creditors (CoC). The minimum requirement for winning a bid is 66% votes.
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 .