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

The Mumbai Bench of the National Company Law Tribunal (NCLT) on Wednesday asked the administrator of Dewan Housing Finance (DHFL) to place the offer of erstwhile promoter Kapil Wadhawan before the Committee of Creditors (CoC). 

It subsequently asked the CoC to convene in 10 days and consider the proposal. The matter has been adjourned till May 31.  

The bench of judicial member HP Chaturvedi and technical member Ravikumar Duraisamy in an oral order asked the administrator to consider the erstwhile promoters' offer. The written order was not uploaded till the time of going to press. 

Kapil Wadhawan had moved NCLT in November 2020