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NCLAT order: Piramal Group says DHFL acquisition unaffected, will weigh legal options

In September 2021, PCHFL acquired DHFL for a total consideration of Rs. 34,250 crore.

January 28, 2022 / 09:59 AM IST
Representative image

Representative image

Piramal Group said on 28 January that the recent order from National Company Law Appellate Tribunal (NCLAT) would not affect the acquisition of erstwhile Dewan Housing Finance Ltd (DHFL) and the group is weighing multiple legal options including approaching the apex court.

Jignesh Shah-founded 63 moons technologies ltd said on 27 January that the NCLAT had ordered the lenders of DHFL to consider a petition regarding the revaluation of DHFL's recoverable assets.

"We have analysed the detailed judgement of the NCLAT and consulted our legal advisors. We are confident and will continue to pursue the matter as multiple legal options are available to us for our future course of action, including approaching the Apex court," Piramal Group said in a statement to exchanges on January 28.

NCLAT asks CoC to reconsider value of DHFL's recoverable assets