Kapil Wadhawan moves SC over NCLAT stay against his Rs 91,000-cr DHFL offer

NCLAT was scheduled to hear the reply of Wadhawan on June 25, but he moved SC before that

Kapil Wadhawan, the erstwhile promoter of Dewan Housing Finance Limited (DHFL), has moved the Supreme Court asking for a stay on the National Company Law Appellate Tribunal order, which stayed an earlier order of the Mumbai Bench of National Company Law Tribunal (NCLT) asking the committee of creditors (CoC) to consider the settlement offer Wadhawan put forward.
 
“We are asking for a stay of the NCLAT order and a revival of the NCLT order. Our argument is, we have come with a settlement offer, which is Rs 50,000 crore more than what the successful resolution applicant has offered,” said