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DHFL BANKRUPTCY
PMLA court discharges DHFL, grants immunity under IBC after change in managementIn a landmark decision, a Mumbai special court has granted DHFL relief from a money-laundering accusation, citing its immunity under the In...
NCLT declares ex-DHFL chairman Kapil Wadhawan bankrupt over ₹4,546 crore duesThe NCLT Mumbai has declared Kapil Wadhawan, the former chairman of DHFL, bankrupt following a petition by Union Bank of India to recover ₹...
CIRP initiated in cases of DHFL, ABG Shipyard, Bhushan Power & SteelCorporate insolvency resolution process (CIRP) was initiated in the cases of DHFL, ABG Shipyard and Bhushan Power and Steel (BPSL), and res...
BSE, NSE to suspend trading in DHFL shares from MondayNCLT has approved the resolution plan by Piramal Group for DHFL, resulting in zero value for the shares of DHFL.
DHFL lenders challenge NCLT order on considering Wadhawan's offerAn appeal challenging NCLT Mumbai bench's order has been filed before the National Company Law Appellate Tribunal (NCLAT) and is scheduled ...
DHFL resolution: Company receives no objection from RBI, files application with NCLTIn November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NC...
Adani Group, Piramal among 4 bidders for DHFL, lenders stare at over Rs 60,000 crore write-offIn November, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for i...
DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposureDHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential Internationa...
Lenders meet RBI, mull 4-month programme to resolve DHFL CaseBanks have proposed a four-month programme to resolve the Dewan Housing Finance (DHFL) case, the biggest bankruptcy case in the financial s...
NCLT admits RBI plea seeking bankruptcy resolution for DHFLThe move came in after the Reserve Bank last Friday made an application for bankruptcy proceedings to resolve the credit and liquidity cris...
DHFL shares fall nearly 5% as RBI starts resolution processShares of the troubled firm fell 4.83 per cent to trade at Rs 19.70 on the BSE.
Work is on to amend IBC to address cross-border insolvency: M S Sahoo"There is proposal to amend the IBC to provide for such cases like cross border insolvency," the IBBI chief said.
Reserve Bank sends DHFL to NCLT for debt resolutionFirst financial services company to go for bankruptcy resolution.
NBFC/HFC bankruptcy provisions positive for banks: Moody's"Inclusion of NBFCs into the bankruptcy code is credit positive for banks"
RBI fast-tracks DHFL resolution, appoints advisory panelIDFC First Bank's Non-Executive Chairman Rajiv Lall, ICICI Prudential Life Insurance's Managing Director and Chief Executive N S Kannan, an...
Will DHFL depositors get their money back?The deposit holders with overall exposure of Rs 6,000 crore are at risk of losing their savings.
DHFL plunges 5% as RBI to refer NBFC to bankruptcy courtDHFL is set to become the first NBFC to go for bankruptcy resolution.
Lenders may ask RBI to refer DHFL to insolvencyA referral to the NCLT, which will happen after the RBI informs the government and a notification is issued, will help ease DHFL’s troubles...
DHFL stares at insolvency proceedingsThe government notified the Insolvency and Bankruptcy Rules, 2019, to provide a generic framework for insolvency and liquidation proceeding...
DHFL stares at insolvency proceedingsIn the case of DHFL, bankers want mutual funds on board to ensure that no entity takes a unilateral decision.