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DHFL INSOLVENCY
Kapil Wadhawan moves NCLAT to challenge insolvency proceedings against himErstwhile Dewan Housing Finance promoter Kapil Wadhawan challenged NCLT order for personal insolvency proceedings, moved NCLAT. NCLT's Mumb...
NCLT admits insolvency resolution plea against the erstwhile promoter of DHFL Kapil WadhawanThe National Company Law Tribunal (NCLT) has admitted Union Bank of India’s insolvency application against Kapil Wadhawan, former promoter ...
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...
Top court seeks CBI reply on Piramal Capital and Housing Finance plea in DHFL casePCHF has raised a substantial question of law as to whether Section 32A of the Insolvency & Bankruptcy Code, 2016, forbids the subsistence ...
Piramal Group plans to move Supreme Court challenging NCLAT order on DHFLThe National Company Law Appellate Tribunal (NCLAT) on Thursday, while delivering a judgement on 63 Moons Technologies petition had directe...
Srei lenders, second casualty of IL&FS implosion, now await a tense futureThe woes of both the beleaguered DHFL and Srei entities arise from the collapse of IL&FS. The liquidity crisis after the collapse of IL&FS ...
Piramal completes acquisition of DHFL for Rs 34,250 crore, biggest resolution in value termsLenders led by State Bank of India (SBI) are set to log recoveries of ?37,400 crore this week, as Piramal Capital and Housing Finance's (PC...
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 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...
DHFL auction: Sebi wants to know how Oaktree made credit rating claims of future debt instrumentThe US-based Oaktree Capital in its bid claimed that post resolution, DHFL's NCDs would be assigned an AAA rating if their resolution plan ...
DHFL hits upper circuit as Adani Group, Piramal, Oaktree bid for firmIn November, the RBI referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency...
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...
Ex-directors of DHFL seek to be part of Committee of Creditors“The administrator of DHFL is not allowing us with the arguments that the board is not replaced like normal corporate insolvency resolution...
DHFL: RBI retains its 3-member advisory panelOn November 22, the central bank had constituted a three-member advisory committee.
DHFL plunges 5% as RBI to refer NBFC to bankruptcy courtDHFL is set to become the first NBFC to go for bankruptcy resolution.
RBI takes control of DHFL board over governance issuesDHFL has become the first nonbank lender to be sent to the NCLT under the Insolvency and Bankruptcy Code (IBC).
RBI supersedes DHFL board, to initiate insolvency proceedings soonR Subramaniakumar, ex-CEO of Indian Overseas Bank has been appointed as administrator.
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.