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.

Reserve Bank of India (RBI)-appointed administrator and the lenders to Dewan Housing Finance (DHFL) have moved National Company Law Appellate Tribunal (NCLAT) against the order of the Mumbai Bench of the National Company Law Tribunal (NCLT) that directed the committee of creditors (CoC) to examine the offer of the erstwhile promoter on merit, said sources.
 
The Piramal Group, whose resolution plan was approved by the lenders, RBI, and Competition Commission of India (CCI), is also likely to file an appeal against the NCLT order in the NCLAT, a source said. However, the group will file an appeal independently. The