Posts tagged with DHFL

Piramal Resolution Plan for DHFL gets NCLT nod
Jun 2021 , by in News/Views

Mumbai Bench of the National Company Law Tribunal (NCLT) approved Piramal Group’s resolution plan for the beleaguered Dewan Housing Finance Ltd (DHFL), which has been reeling from the insolvency process since 2019. The plan put forward by Piramal Group, which has offered to pay Rs 37,250 crore,... Read more...

RBI Clears Decks for Piramal Takeover of DHFL
Feb 2021 , by in News/Views

Piramal Group has received clearances from the Reserve Bank of India to take over Dewan Housing Finance Corporation Ltd. The regulator has cleared the Ajay Piramal-led group under its ‘fit and proper’ framework. It has also given a no-objection certificate for change in ownership of DHFL. The... Read more...

Ajay Piramal To Take Over DHFL
Jan 2021 , by in News/Views

Billionaire Ajay Piramal’s conglomerate won bidding for bankrupt Indian shadow lender Dewan Housing Finance Corp., advancing a keenly watched insolvency that’s been a test of the country’s bankruptcy system. A resolution plan for Dewan from Piramal Enterprises Ltd.’s own shadow bank, Pira... Read more...

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