DHFL creditors vote in favour of Piramal’s $5 billion bid – source

MUMBAI:Creditors of India’s Dewan Housing Finance Corp have voted in favour of a 372.5 billion rupees ($5.09 billion)takeover bid submitted by the Piramal Group for the troubled “shadow” lender, a source with knowledge of their decision said on Sunday. DHFL’s creditors finished voting on Friday evening, and the source requested anonymity as the result has […]

63 Moons moves NCLT seeking to ensure recovery from DHFL benefit creditors

NEW DELHI: 63 Moons Technologies, formerly Financial Technologies, on Thursday said it has moved the National Company Law Tribunal (NCLT) seeking to ensure that recovery from DHFL benefit all creditors, including NCD-holders. The company holds over Rs 200 crore of NCD (non-convertible debentures) of the crippled mortgage player. “We have filed an application with the […]

Kapil Wadhawan’s fresh offer for DHFL, ‘100% refund’ to creditors

NEW DELHI: Kapil Wadhawan, the erstwhile promoter of Dewan Housing Finance Corporation Ltd (DHFL), has written to the administrator of the bankrupt company with a fresh proposal to repay 100 per cent of the principal debt to the creditors. In a letter which has also been marked to the Reserve Bank of India (RBI), the […]

Can improve DHFL offer, forfeit deposit of those against recoveries: Adani

NEW DELHI: Billionaire Gautam Adani’s roads-to-mining group has indicated that it can improve on its Rs 33,000 crore takeover offer for collapsed housing lender DHFL and has sought forfeiture of deposits of bidders seeking to vitiate auction by questioning maximum recovery of public money. In an email written to the administrator, who is running the […]

Amitabh Gupta takes charge as Pune police commissioner

PUNE: Senior IPS officer Amitabh Gupta, who had courted a controversy by allegedly facilitating travel of DHFL scam accused Wadhawan brothers during lockdown in Maharashtra, on Sunday took charge as new commissioner of police, Pune. His new posting had drawn attention when the Maharashtra government on Thursday transferred over 50 Indian Police Service (IPS) officers. […]

DHFL seeks loan dues of Rs 112 crore from Pune-based Landscape Realty & guarantors

MUMBAI: Dewan Housing Finance (DHFL) has issued a demand notice for loan overdues of over Rs 112 crore from Pune-based Landscape Realty and its guarantors, which include entities and individuals linked to the 187-year-old PNG Jewellers, a popular chain of gold retailing shops. In a newspaper advertisement, DHFL said it has classified a borrowing by […]

Travel nod to Wadhawans: Shiv Sena trains guns at ex-CM Devendra Fadnavis

NEW DELHI: The Shiv Sena on Monday said the IPS officer, who gave permission to scam accused DHFL promoters Kapil and Dheeraj Wadhawan and 21 others to travel to a hill station amid lockdown, was appointed in the state Home department by previous chief minister Devendra Fadnavis. It is now clear who is actually behind […]

DHFL promoters, 21 others detained at farmhouse for violating coronavirus lockdown norms

MUMBAI: An offence has been registered against DHFL promoters Kapil and Dheeraj Wadhawan and 21 others, including their family members, for travelling to a hill station in violation of prohibitory orders during the coronavirus-enforced lockdown, an official said on Friday. The offence under relevant sections of the IPC and the Disaster Management Act, one of […]

RBI appoints 3-member advisory panel for DHFL

NEW DELHI: The Reserve Bank of India (RBI) on Friday constituted a three-member panel to advise the administrator of DHFL, ahead of formally moving for resolution of the troubled mortgage lender under the insolvency law. IDFC First Bank’s Non-Executive Chairman Rajiv Lall, ICICI Prudential Life Insurance’s Managing Director and Chief Executive N S Kannan, and […]

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