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BANKRUPT DHFL
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 ₹...- IRDAI proposes flexible lock-in period for investors in insurance companiesEarlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain case...
- 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 ...
- CBI quizzes alleged Chhota Shakeel aide in DHFL fund diversion caseAccording to sources, Nawandar was questioned on funds allegedly diverted by brothers Kapil and Neeraj Wadhawan, who were the promoters of ...
- Yes bank scam: CBI arrests Pune-based builderLast month, the agency had raided the borrowers of DHFL and has even arrested Mumbai-based builder Sanjay Chhabria of the Radius group in t...
- Yes Bank scam: CBI arrests Radius Group MD, Sanjay ChhabriaRadius Group was one of the biggest borrowers on the erstwhile DHFL with an outstanding loan with interest of around Rs 3,000 crores for a ...
- Yes Bank scam: CBI searches underway at six locationsThe promoters of erstwhile DHFL, Kapil and Dhiraj Wadhawan are currently in jail in connection with the cases registered by CBI and the Enf...
- RBI's decision to supersede boards of Srei group cos will prevent domino effect: ExpertsThe National Company Law Tribunal (NCLT) on Friday admitted the insolvency pleas moved by banking sector regulator RBI against the two Srei...
- Piramal Capital & Housing Finance acquires DHFL via reverse mergerIn November 2019, RBI had referred DHFL -- then the third-largest pure-play mortgage lender -- for resolution under the Code. DHFL had gone...
- DHFL Case: NCLAT to hear FD, NCD holders and Wadhawan's plea on September 29In June, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan of Piramal Capital and Housing Finance L...
- 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.
- Insolvency and Bankruptcy Code works, but it could work betterThe bid amount will enable creditors to recover about 40% of the total admitted claims of around Rs 87,082 crore. The NCLT has advised lend...
- DHFL: Possible merger, delisting — what next? A look at fresh developments amid rising speculationThe resolution plan for DHFL was approved by the RBI in February, and by Competition Commission of India (CCI) in April. Piramal’s offer go...
- DHFL shares may get delisted after acquisition by PiramalShares of DHFL closed nearly 10 per cent higher at Rs 20.80 on the BSE on Monday.
- 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 ...
- It's a bidding war— Oaktree and Piramal have increased their bids for DHFL
- Creditors to discuss DHFL bids todayVoting is set to take place next week and the lenders are closeted in hectic discussions with lawyers on the voting process, seeking to avo...
- Piramal Housing Finance notifies CCI of proposed DHFL bidThe bid was pursuant to its submission to DHFL’s Committee of Creditors (CoC) in response to the ongoing corporate insolvency resolution pr...
- Punjab National Bank declares its Rs 3,688 crore exposure to DHFL as fraudThe state-run lender said the company was being reported as a fraudulent account to the RBI.
- 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...
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