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NCLAT issues notices to DHFL's lenders, Piramal on 63 Moons Technologies' plea

Mint  

The National Company Law Appellate Tribunal (NCLAT) has issued notices to DHFL's lenders and its winning bidder Piramal Capital over a petition filed by 63 Moons Technologies challenging the resolution process of the debt-ridden firm. The appellate tribunal has directed all parties to file their replies before July 19, which is the next date of hearing. On June 7, the Mumbai bench of the National Company Law Tribunal (NCLT) had approved the resolution plan of Piramal Capital & Housing Finance Ltd for the debt-ridden DHFL. 63 Moons, which is a debenture holder of DHFL, has filed a petition challenging the NCLT order. It holds non-convertible debentures (NCDs) worth over INR 200 crore issued by DHFL.