Centre mulls amendment of Insolvency and Bankruptcy Code to check promoters' delaying tactics

According to sources, a special presentation was given by the bankers to the RBI and Finance Ministry which said that the delaying tactics of promoters are eroding the very spirit of IBC.

published on : 17th June 2021

RBI bars DHFL from accepting deposits under Piramal Group

Unlike DHFL, which accepts public deposits, acquirer Piramal Capital & Housing Finance Limited (PCHFL) is a non-deposit taking company.

published on : 16th June 2021

DHFL depositors left high and dry after NCLT approves Piramal’s bid

As per the resolution plan approved by the NCLT, 74,500 fixed depositors are likely to get only 20-25% of their total claims of Rs 5,360 crore. 

published on : 7th June 2021

NCLT directs DHFL lenders to consider ex-promoter’s offer

This offer is better than Piramal Group, which has emerged as the highest bidder with Rs 35,500 crore for the whole loan portfolio of DHFL.

published on : 20th May 2021

Piramal Retail ups the ante in retail space, forays into sectors beyond mortgage lending

It can be noted that the NBFCs space is highly competitive, and despite the reverses witnessed over the last three years, keeps witnessing newer entrants.

published on : 15th April 2021

DHFL case: Auditor Grant Thornton unearths another fraudulent transaction of Rs 6,182 crore

Private auditor Grant Thornton has reported another fraudulent transaction of Rs 6,182 crore in Dewan Housing Finance Corporation.

published on : 22nd February 2021

DHFL resolution: Committee of Creditors approve Piramal Capital's bid

Since the conclusion of the fifth and final round of the bidding process last month, Piramal and Oaktree Capital each claimed that their bid was the highest and fully implementable.

published on : 17th January 2021

Yes Bank case: No bail for Wadhawans from metropolitan court

The accused, in their plea, claimed no cheating case was made out as no loss had been caused to anybody.

published on : 8th January 2021

DHFL case: 63 Moons seeks Rs 30,000 crore payback to NCD, FD holders

As per 63 Moons, recoveries from erstwhile promoters -- the Wadhwans -- are not uncertain as they have publicly made it clear that they have assets.

published on : 8th January 2021

DHFL auction: Sebi wants to know how Oaktree made credit rating claims of future debt instrument

Since the conclusion of the fifth round of the bidding last month, Oaktree and Piramal Enterprises are claiming that their bid is highest.

published on : 8th January 2021

DHFL lenders meet to evaluate bids for bankrupt firm, voting next week

Piramal is offering more upfront cash. The CoC is weighing the merits of both,” a source aware of the proceedings said.

published on : 19th December 2020

DHFL ex-promoter writes to PMO; alleges 63 Moons hampering company's resolution process

Wadhwan has alleged that 63 Moons is seeking to give precedence to the recovery of its dues over the Rs 80,000 crore of outstanding that other creditors would get to settle in the insolvency process.

published on : 8th December 2020