Tag Archives: Debt resolution

Lenders from the Dewan Housing Finance Corporation (DHFL) voted overwhelmingly in favor of the resolution plan presented by the Piramal group on Friday, paving the way for a radical turnaround for the bankrupt company. While Piramal’s offer received 94 percent of the votes, the US-based Oaktree Capital plan garnered just …

Following a push from the Ministry of Finance, Indian public sector lenders, led by the State Bank of India, are preparing the list of all defaulters who had given their personal guarantees while taking loans and defaulted, resulting in bankruptcy proceedings. According to the council, the personal guarantees of all …