Kapil Wadhawan, the former developer of Dewan Housing Finance Corporation Ltd (DHFL), has urged the Reserve Bank of India, the servicer and the lenders of the indebted mortgage financier to properly consider his settlement proposal, which he claims is better than the offers. submitted as part of the resolution process …
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US-based asset management fund Oaktree Capital has become the highest bidder for bankrupt home finance firm DHFL by bidding Rs 36,646 crore for the entire company, which includes deferred payments and Rs 11,646 crore in advance to lenders. However, the Piramal group offered Rs 13,000 crore in cash up front …
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In the request filed on November 24, Wadhawan urged the court not to allow the offers received from the four bidders: Oaktree Capital, Piramal Enterprises, Adani Group and SC Lowy, calling their offers “absurd.” Adani has made the highest bid among the four bidders with Rs. Rs 31,250 crore for …
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Written by Ritu Sarin | New Delhi | Updated: October 5, 2020 7:05:11 am Many borrowers used common addresses and the Bandra Books entities charged a lower interest rate, all of which contributed to the insolvency crisis at DHFL. (File photo) Hundreds of fictitious loan accounts, deposits routed through an …
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Written by Khushboo Narayan | Mumbai | Updated: September 22, 2020 7:04:54 pm The Wadhawan brothers are being investigated by the Emergency Department as part of two PMLA investigations linked to gangster Iqbal Mirchi. A Dubai-based company owned by arrested Dewan Housing Finance Limited (DHFL) developers, Kapil Wadhawan and Dheeraj …
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[ad_1] Dewan Housing Finance Limited (DHFL) developers Kapil and his brother Dheeraj Wadhawan were arrested Thursday in connection with a Yes Bank money laundering case that was investigated by the Compliance Directorate (ED). The duo was brought before a special court on the Money Laundering Prevention Act (PMLA), which referred …
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[ad_1] The Central Bureau of Investigation questioned two IAS officers from the Uttar Pradesh cadre, Alok Kumar and Aparna U, on Sunday regarding the alleged irregularities in the investment of more than Rs 4,300 million of provident funds belonging to Uttar employees. Pradesh Power Corporation Limited in the DHFL (Dewan …
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