Venture Intelligence (TSJ Media Pvt. Ltd.)
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DHFL case: NCLAT asks lenders to reconsider resolution plan on avoidable transactions
The National Company Law Appellate Tribunal (NCLAT) has directed the lenders of DHFL to reconsider their decision regarding the valuation of the financial firm's avoidable transactions while approving the insolvency resolution plan submitted by Piramal Capital & Housing Finance Ltd. The latest ruling has come on a plea filed by 63 Moons Technologies, which has an exposure to DHFL's NCDs worth INR 200 crore. 63 Moons was also classified as a financial creditor.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.