Business Standard

DHFL: 63 moons to challenge NCLT's approval for Piramal's resolution plan

63 moons believes that the resolution plan is against interest of all DHFL's creditors, including NCD holders

DHFL
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BS Reporter Mumbai
63 moons technologies, which holds around Rs 200 crore worth of non-convertible debentures (NCDs) of Dewan Housing Finance Limited (DHFL), is planning to challenge the National Company Law Tribunal’s (NCLT) order approving the Piramal Group’s resolution plan for the beleaguered home financier.

“63 moons believes that the current resolution plan is contrary to law and against the interest of all DHFL's creditors including NCD holders," the company said in a statement. 

The company is of the view that the amount recovered from the erstwhile promoters of DHFL and other parties under Section 66 of IBC should come to the creditors

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