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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 ...- NCLT admits insolvency resolution plea against erstwhile promoter of DHFL Dheeraj WadhawanThe National Company Law Tribunal (NCLT) in Mumbai has accepted Union Bank of India’s plea to commence insolvency proceedings against Dheer...
- 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...
- 63 Moons to move NCLAT against Piramal's bid for DHFLIn November 2019, DHFL became the first NBFC to be referred for bankruptcy by the RBI.
- 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 shares jump as Piramal set to take over crisis-hit lenderThe stock, which gained 76 per cent last year after two years of sharp falls, rose 5 per cent in early trading and hit an upper price limit...
- Oaktree reaffirms its credentials for DHFLThe letter signed by the fund's in house legal counsel Frederick Grysolle, has asked for fair treatment by creditors making one more pitch ...
- DHFL lenders want Piramal to delink merger clause from its bid“What if a merger is delayed? To avoid uncertainty, the bid should not be connected to the proposed merger. This was raised at the CoC (com...
- Oaktree plans to take legal action against DHFL creditors’ groupOaktree’s next move has not been officially disclosed to the creditors, but sources said it has verbally communicated to some of the legal ...
- Kapil Wadhawan submits proposal to repay DHFL creditorsThe proposal envisages complete repayment to all creditors within a period of 7-8 years, with upfront cash payment of Rs 9000 crores. This ...
- Kapil Wadhawan writes to regulators, PMO; alleges 63 Moons hampering co's resolution processWhile the spokesperson did not state what its outstanding due from DHFL is, Wadhawan, in the letter, stated that 63 Moons had invested Rs 2...
- Claims worth Rs 4,800 cr admitted from fixed deposit holders of debt-laden DHFLNearly 55,000 public depositor holders, including retail and UP Power Corporation Employees, have demanded payments aggregating to Rs 5,200...
- 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 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.
- Debt Recovery Tribunal stops DHFL from making paymentsMove comes a day after Bombay HC told DHFL to pay banks, NBFCS with securitisation deals
- Non-bank lenders engage with DHFL creditors’ panel to find a resolutionBanks have yet to finalise a resolution plan for the mortgage lender.
- DHFL resolution plan seeks easier termsDHFL has also sought new credit lines worth about Rs 1,200-1,500 crore every month.
- DHFL says working with creditors to resolve issues without any haircut to lendersDHFL on Saturday reported a loss of Rs 2,223 crore for the March quarter of 2018-19 financial year.
- Mutual Funds against banks’ move to pay off DHFL retail investors and PFs in fullMFs have refused to back the inter-creditor agreement to save DHFL alleging it's unfair to them.
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