NCLAT declines US firm's plea against Piramal group's bid for DHFL

The NCLAT termed the plea "premature", given that it approached the appellate tribunal without getting a decision on its petition filed before the Mumbai Bench of the NCLT

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The NCLAT added that PIIHL, which was a 49 per cent shareholder in the joint venture firm Pramerica Life Insurance, has liberty to raise issues before it after a decision is taken by NCLT

The appellate insolvency tribunal NCLAT on Monday declined a plea by US-based Prudential International Insurance Holdings (PIIHL) challenging an NCLT order approving the Piramal group’s bid  for the debt-ridden Dewan

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First Published: Jun 28 2021 | 11:44 PM IST

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