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Top 10 business headlines: Cobrapost stings DHFL, HDFC Q3 results, and more

Here are the top 10 business stories that made news on Tuesday

Essar Steel
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The battle for Essar Steel will also see how courts interpret Section 29A of the Insolvency and Bankruptcy Code, which bars promoters of defaulting firms from bidding for stressed assets

BS Web Team New Delhi
NCLT says Ruias' Rs 54,000-cr bid not 'maintainable'; Essar may move NCLAT

In a major setback for the Ruia family, the promoters of insolvent Essar Steel, the National Company Law Tribunal’s (NCLT’s) Ahmedabad Bench on Tuesday rejected the plea of its majority shareholder, Essar Steel Asia Holding Ltd (ESAHL), to submit a settlement proposal. Read on...

DHFL diverted Rs 31,000 crore loans to promoter firms, says Cobrapost

Media outlet Cobrapost on Tuesday alleged Dewan Housing Finance Corporation (DHFL) had diverted loans worth Rs 31,000 crore — a charge the company termed “mischievous”. Read on...

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First Published: Jan 30 2019 | 6:14 AM IST

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