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Latest Articles in dhfl

Piramal Enterprises Q2 Results: Net Profit Declines 32% To Rs 426 Crore

Consolidated revenue from operations stood at Rs 3,105.52 crore for the quarter under consideration. It was Rs 3,301.84 crore for the same period a year ago

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NCLT Admits Insolvency Pleas Against 2 SREI Group Firms, Appoints Administrator

The order was passed in the open court and a detailed order is awaited, which would be uploaded on the website.

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Piramal Capital & Housing Finance Acquires DHFL Via Reverse Merger

PCHFL has merged into DHFL with effect from September 30, 2021 pursuant to the reverse merger as contemplated under scheme of arrangement provided under the resolution plan

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Piramal Group Completes DHFL Acquisition; Pays Rs 34,250 Cr To Creditors

Piramal Group Chairman Ajay Piramal said the transaction marks a successful closure of the first resolution under the IBC rules in the financial services sector and sets a precedent for future resolutions.

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Piramal Pays Consideration For Acquisition And Merger Of Dewan Housing Finance (DHFL)

The total consideration paid by the Piramal Group of ~INR 34,250 Crores at the completion of the acquisition, includes an upfront cash component of ~INR 14,700 Crores and issuance of debt instruments of ~INR 19,550 Crores.

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HC Reserves Orders On Bail Pleas Of Wife, Daughters Of Yes Bank Founder Rana Kapoor

The applicants'' lawyers argued before the high court that accused are required to be arrested and remanded in custody only when there is a danger that they would abscond.

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RBI’s Failed Section 227 Experience With DHFL

In the case of Dewan Housing Finance Corporation Ltd. (DHFL), the Reserve Bank of India (RBI) took control of the company by appointing an administrator and took the company to Insolvency and Bankruptcy Code (IBC) process.

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DHFL Posts Four-Fold Jump In Q1 Net Profit At Rs 314 Cr

The Reserve Bank had superseded the board of DHFL in November 2019 and appointed an administrator to run the company following allegations of fraud and mismanagement.

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NCLAT Declines To Stay Piramal Capital's Approved Resolution Plan For DHFL

Earlier on June 7, the NCLT had approved the resolution plan of Piramal Capital & Housing Finance Ltd for the debt-ridden DHFL and 63 Moons, which is a debenture holder of DHFL, filed a petition challenging it before NCLAT.

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DHFL Resolution: NCLAT Issues Notices To Lenders, Piramal On 63 Moons Technologies' Plea

The Mumbai bench of the National Company Law Tribunal (NCLT) had approved the resolution plan of Piramal Capital & Housing Finance Ltd for the debt-ridden DHFL.

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HC Orders Notice To SEBI On Plea Against DHFL

The petitioner alleged that the DHFL fraud is the largest economic fraud in the history of India and has caused a gargantuan loss to the exchequer as well as the general public investors who had reposed the entire trust and faith to invest in the Non-Convertible Debenture of the DHFL

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Exchanges To Suspend Trading In DHFL Shares From Monday

The move, aimed at avoiding 'market complications', comes against the backdrop of the National Company Law Tribunal (NCLT) approving Piramal Group's resolution plan for the bankrupt-DHFL.

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DHFL Shares May Get Delisted Post Acquisition By Piramal

The Mumbai-bench of the National Company Law Tribunal (NCLT) on Monday gave its conditional approval to Piramal Group's bid for DHFL.

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NCLT Approves Piramal Group's Offer For DHFL On Certain Conditions

NCLT also rejected former DHFL promoter Kapil Wadhawan's plea to get access to a copy of the resolution plan.

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DHFL Shares Rally Nearly 10% After Earnings

The stock rallied 9.76 per cent to Rs 20.80 -- its highest trading permissible limit for the day -- on both BSE and NSE.

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