The DHFL mortgage company, the fund, which is set to be delisted from the stock exchange after receiving the Piramal Capital and housing finance was a buyer for the company. As part of the dispute resolution process under the Code, the Insolvency and Bankruptcy (IBC), the creditor, which is led by the Union Bank of India, in January of this year, Piramal Capital and housing finance, the application for the beleaguered housing finance company.
The sources of these DHFL shares will be removed from the list as of the date of receipt in accordance with (A) the guidelines and Sebi listing regulations. Also, according to the sources, the company can team up with DHFL up for the challenge to be accepted, to get all the legal and regulatory approvals.
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The Mumbai-based the Board of directors of the National Judicial Tribunal of the Company (NCLT) on Monday, gave his permission to confirm the Piramal Group’s request to DHFL. The tribunal, chaired by H. P. Levine, and Ravikumar Durais, has said that this statement would be the best decision of the National Law to which the Company appeals tribunal (NCLAT), by the Supreme Court’s decision on the implementation of the previous project manager, Kapil Vadhavan.
Last year, the Vadhavan, made, in the world, it proposes a creditors ‘ committee (Coc). The offer was rejected by the creditors, on the basis of a lack of confidence, and an assessment of the proposed sale of the company. From this point of view, the Vadhavan suggest that the end of the creditors to sell the assets.
However, Piramal said in a statement: “We are pleased with today’s decision of the NCLT to approve the plan of dissolution, DHFL. This is shown below, with the agreement of 94% of the lenders, and the recent approval of the RBI, and a teaspoon of, and acknowledge the power and quality of our program.”
This is a perfect run, intermediate bulk containers (IBCS of India and the first in the financial services industry. In November 2019, the RBI, according to the DHFL in the meantime, it is the third-largest mortgage lender, to the case of a lender-of-a resolution in accordance with the Code.
DHFL is in bankruptcy, with an additional Rs 90,000 crore in the debt to various creditors, including banks, investment funds and private investors, who make up the company’s fixed-income investments.
