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Lenders await fate of Piramal, 63 Moons Tech litigation in top court

Piramal had appealed against the National Company Law Appellate Tribunal (NCLAT) order directing DHFL's lenders to reconsider their decision on the valuation of the financial firm's fraud accounts

Piramal Enterprises
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According to the DHFL debt resolution plan, Piramal Capital was handed over the company's control by the lenders. Photo: Shutterstock

Dev Chatterjee Mumbai
Even as the Central Bureau of Investigation (CBI) intensified its probe against the former promoters of Dewan Housing Finance Limited (DHFL), its lenders are keenly awaiting the fate of an appeal filed by Piramal Capital & Housing Finance against DHFL and 63 Moons Technologies with regard to Rs 40,000 crore worth of assets of the firm’s fraud accounts.

Piramal had appealed against the National Company Law Appellate Tribunal (NCLAT) order directing DHFL’s lenders to reconsider their decision on the valuation of the financial firm’s fraud accounts.

“It’s not only DHFL and its lenders. The fate of future bankruptcy cases and recovery will

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First Published: Jun 24 2022 | 1:51 AM IST

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