DHFL promoter Kapil Wadhawan moves NCLT, wants CoC to consider offer

Kapil Wadhawan, the erstwhile promoter of Dewan Housing Finance Corporation (DHFL), moved the National Company Law Tribunal (NCLT) earlier this week, seeking the tribunal’s direction to the administrator and committee of creditors (CoC) to consider the package the then management had prepared for the beleaguered company.
 
The offer, he claimed, was in accordance with the June 7 circular of the Reserve Bank of India (RBI).
 
Wadhawan also sought the tribunal’s permission to assist the CoC on the bids being received. And, pending the hearing and final disposal of the application, Wadhawn sought deferral of the consideration of bids