Page 6 - Dhfl

PNB to transfer bad loans worth Rs 8,000 crore to NARCL

In current quarter, the bank expects substantial recovery from DHFL, although there are some issues lingering in NCLAT, its MD said

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

Games promoters play

If a promoter knows that he can afford not to repay loans and buy back his company in the bankruptcy court at a discount with a reduced debt burden, he has a strong incentive to drive his firm aground

Stocks to watch: Grasim, Bal Pharma, GMM Pfaudler, Amara Raja, DHFL

A total of 68 companies are slated to post their March quarter results today, including Alkem Labs, AstraZeneca Pharma India, Stove Kraft, Emami, Thermax and VIP Industries

DHFL resolution: Lenders move NCLAT against Kapil Wadhawan's offer

The committee of creditors cannot do it. Also, it requires a high threshold of approvals from the CoC.

DHFL lenders challenge NCLT order on considering Wadhawan's offer

The committee of creditors of DHFL has challenged the NCLT order directing the lenders to consider the offer by the debt-ridden mortgage firm's erstwhile promoter Kapil Wadhawan

Explained: How RBI's tough new rules impact the audit companies

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits

Best of BS Opinion: DHFL resolution, the collapse of Indian cinema & more

Here are the best of Business Standard's opinion pieces for Friday

DHFL resolution: Lenders weigh options after NCLT's surprise call

Tribunal gave direction to have a look at offer by Kapil Wadhawan

Unnecessary deviation

DHFL should not go back to its erstwhile promoter

NCLT asks DHFL administrator to place Kapil Wadhawan's offer before CoC

The tribunal has asked CoC to convene within 10 days; DHFL's former promoter had earlier proposed to repay Rs 91,158 cr to lenders

Top headlines: Bitcoin plunges to $30,066; IOC returns to profit in Q4FY21

Business Standard brings you the top headlines this evening

IL&FS case complexities reveal what India's resolution mechanism is lacking

A stretched rescue process reveals critical deficiencies in India Inc's corporate layering and resolution mechanism worsened by the pandemic

With DHFL buy, Piramal Capital to bring retail loan share to 75% from 11%

Another reason it is acquiring Dewan Housing Finance is to reduce its wholesale lending operations

Shareholder of DHFL moves Bombay High Court, seeks stay on delisting

The regulation further provides that the floor price will be determined in terms of the Takeover Regulations

DHFL debt resolution to spill over into FY22

The lenders expecting to resolve one of India's biggest default worth Rs 90,000 cr in March quarter will have to wait longer

Top headlines: Govt likely to resume IBC filings, Tesla now accepts Bitcoin

Business Standard brings you top news of the day

DHFL hits 5% upper circuit as RBI okays Piramal Group's resolution proposal

On Thursday, DHFL said it has received the intimation from the RBI and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance

DHFL gets no objection from RBI, files application with NCLT for resolution

DHFL on Thursday said it has received no objection from the Reserve Bank and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance. Earlier this week, DHFL had announced Piramal group's resolution plan getting approval from the RBI. Pursuant to the receipt of no objection from Reserve Bank of India as per Insolvency and Bankruptcy Rules, 2019, the administrator of Dewan Housing Finance Corporation Limited (DHFL) has filed an application for submission of resolution plan of Piramal Capital & Housing Finance Limited (PCHFL) with the adjudicating authority NCLT, Mumbai Bench, DHFL said in a regulatory filing. The resolution plan has been approved by the Committee of Creditors (CoC). In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings. It was the first finance company to be referred to NCLT by the RBI using ...

DHFL auditor unearths another fraudulent transaction worth Rs 6,182 cr

According to findings of Grant Thornton (GT), these transactions happened over a period of time