Page 5 - Dhfl

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

No backdoor entry

Promoters should not be allowed to delay insolvency resolution

Top headlines: WB pegs India's FY22 GDP at 8.3%; Piramal faces a new hurdle

Business Standard brings you the top news of the evening

Piramal Enterprises surges 15% in 2 days; DHFL hits 10% upper circuit

As part of the resolution plan, DHFL's equity shares are proposed to be delisted

Top Headlines: India switches to free vaccines, extends food scheme

Our top headlines on Tuesday track the latest developments

Piramal Group's resolution plan for beleaguered DHFL gets NCLT nod

Piramal's plan offers to pay Rs 37,250 crore, with upfront cash of Rs 12,700 crore.

Debt-ridden DHFL's shares may get delisted post acquisition by Piramal

The Mumbai-bench of the National Company Law Tribunal (NCLT) on Monday gave its conditional approval to Piramal Group's bid for DHFL.

DHFL shares rally nearly 10% after company reports profit in Q4 earnings

Shares of Dewan Housing Finance Corporation (DHFL) on Monday jumped nearly 10 per cent after the company reported a consolidated net profit of Rs 96.75 cr for the quarter of fiscal ended in March 2021

DHFL back in the black, posts Rs 97-crore net profit in March quarter

While its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT

DHFL posts profit of Rs 97 cr in Q4, versus loss of Rs 7,507 cr a year ago

Dewan Housing Finance Corporation (DHFL) on Sunday reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021.

PNB to transfer bad loans worth Rs 8,000 crore to NARCL

In current quarter, the bank expects substantial recovery from DHFL, although there are some issues lingering in NCLAT, its MD said

Kapil Wadhawan moves SC over NCLAT stay against his Rs 91,000-cr DHFL offer

NCLAT was scheduled to hear the reply of Wadhawan on June 25, but he moved SC before that

Games promoters play

If a promoter knows that he can afford not to repay loans and buy back his company in the bankruptcy court at a discount with a reduced debt burden, he has a strong incentive to drive his firm aground

Stocks to watch: Grasim, Bal Pharma, GMM Pfaudler, Amara Raja, DHFL

A total of 68 companies are slated to post their March quarter results today, including Alkem Labs, AstraZeneca Pharma India, Stove Kraft, Emami, Thermax and VIP Industries

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.

DHFL lenders challenge NCLT order on considering Wadhawan's offer

The committee of creditors of DHFL has challenged the NCLT order directing the lenders to consider the offer by the debt-ridden mortgage firm's erstwhile promoter Kapil Wadhawan

Explained: How RBI's tough new rules impact the audit companies

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits

Best of BS Opinion: DHFL resolution, the collapse of Indian cinema & more

Here are the best of Business Standard's opinion pieces for Friday

DHFL resolution: Lenders weigh options after NCLT's surprise call

Tribunal gave direction to have a look at offer by Kapil Wadhawan

Unnecessary deviation

DHFL should not go back to its erstwhile promoter