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  • Yes Bank-DHFL case | Kapil Wadhawan sanctioned loans of over Rs 400 crore without following norms: CBI Jul 14, 2022 10:48 PM IST

    Yes Bank-DHFL case | Kapil Wadhawan sanctioned loans of over Rs 400 crore without following norms: CBI

    The agency filed the additional charge sheet in the case of cheating against Yes Bank founder Rana Kapoor and Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan last month.

  • DHFL bank-fraud case: CBI arrests businessman from Mumbai Jul 13, 2022 08:11 PM IST

    DHFL bank-fraud case: CBI arrests businessman from Mumbai

    The CBI conducted searched and recovered a large number of luxury watches worth crores of rupees and other items.

  • Retail loans key for Piramal Enterprises NBFC arm’s sustained growth ambitions: Experts Jul 11, 2022 05:04 PM IST

    Retail loans key for Piramal Enterprises NBFC arm’s sustained growth ambitions: Experts

    While the NBFC was able to lower share of wholesale loans to 64 per cent as on March end from 88 per cent last year, it reported a net loss of Rs 321 crore during Q4FY22 on account of higher provisions made for stressed non-real estate wholesale loans.

  • 5 years on, resolutions under IBC struggle due to poor infrastructure, delays Jul 05, 2022 03:54 PM IST

    5 years on, resolutions under IBC struggle due to poor infrastructure, delays

    Strict timelines prescribed under the code, multiplicity of cases and lesser number of tribunals have increased the backlog of cases

  • Supreme Court’s decision on Siva Industries may set a good precedent for IBC cases, experts say Jun 06, 2022 05:21 PM IST

    Supreme Court’s decision on Siva Industries may set a good precedent for IBC cases, experts say

    The court’s June 3 order will give more power to lenders and ensure speedy recovery in cases under the bankruptcy court, according to bankers and legal experts

  • 47% of IBC cases ended in liquidation till FY22, shows IBBI data Jun 02, 2022 04:49 PM IST

    47% of IBC cases ended in liquidation till FY22, shows IBBI data

    Indian lenders are left with no choice except liquidation of stressed assets under the bankruptcy code, thanks to a mismatch between the quoted value of the asset and the bid price, experts said.

  • CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case May 26, 2022 08:52 PM IST

    CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case

    The CBI on Thursday arrested Avinash Bhosale, chairman of Pune-based real estate group ABIL group, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Vadhawan of DHFL, officials said.

  • DHFL case: Delhi court grants bail to Wadhwan brothers in multi-crore scam May 14, 2022 12:58 PM IST

    DHFL case: Delhi court grants bail to Wadhwan brothers in multi-crore scam

    The National Company Law Tribunal (NCLT) had on June 7, 2021, approved the resolution plan for DHFL’s reverse merger with Piramal Capital and Housing Finance Limited.

  • Personal guarantees can speed up bank loan recovery in default cases, say experts May 11, 2022 04:14 PM IST

    Personal guarantees can speed up bank loan recovery in default cases, say experts

    The Supreme Court has said creditors can invoke personal guarantees to recover corporate loans, even if the insolvency process hasn’t been triggered

  • Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth Rs 5,050 crore, says ED Apr 23, 2022 02:14 PM IST

    Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth Rs 5,050 crore, says ED

    The ED said this in its second supplementary (third overall) charge sheet filed in special court here recently against Rana Kapoor, his family, Wadhawans and others in a money laundering case.

  • RBI asks NBFCs to make additional disclosures under scale-based regulation regime Apr 19, 2022 06:15 PM IST

    RBI asks NBFCs to make additional disclosures under scale-based regulation regime

    The disclosures pertain to regulatory requirements, exposure to sectors like real estate, capital market, among others

  • DHFL resolution: Supreme Court stays NCLAT January order, to hear appeal on May 5 Apr 11, 2022 02:02 PM IST

    DHFL resolution: Supreme Court stays NCLAT January order, to hear appeal on May 5

    The NCLAT had termed it "illegal" for proceeds from avoidance applications to be appropriated by the successful applicant rather than to be disbursed among creditors.

  • Piramal ramps up staff strength of PCHFL; plans to add 2000 jobs Jan 29, 2022 04:17 PM IST

    Piramal ramps up staff strength of PCHFL; plans to add 2000 jobs

    PCHFL acquired DHFL in September 2021 for a total consideration of Rs. 34,250 crore. PCHFL has retained over 3,000 employees of the DHFL Group and are also adding over 2,000 new jobs in the merged entity.

  • NCLAT asks CoC to reconsider value of DHFL's recoverable assets Jan 27, 2022 12:56 PM IST

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

    With this order, now the CoC have to reconsider the provision of section 66 of IBC which mandates that the benefit should go to all the creditors of DHFL, 63 Moons said.

  • SEBI confirms directions passed against 12 DHFL promoters Oct 22, 2021 08:41 PM IST

    SEBI confirms directions passed against 12 DHFL promoters

    The market regulator, in an interim order issued in September 2020, blocked the 12 DHFL promoters from accessing the securities market.

  • Srei Group Crisis | Banks favour RBI-led DHFL-like resolution Oct 02, 2021 04:14 PM IST

    Srei Group Crisis | Banks favour RBI-led DHFL-like resolution

    Some banks also favour SREI board dissolution and appointment of RBI administrator. However, RBI's decision on the Srei Group resolution matter is awaited. In FY 2020, RBI audit flagged Rs 8,576 crore of probable related -party lending by Srei group.

  • With DHFL acquisition, Piramal to focus on affordable housing segment Sep 29, 2021 02:41 PM IST

    With DHFL acquisition, Piramal to focus on affordable housing segment

    They will primarily focus on increasing their lending book and as far as the mix is concerned, it will be 50:50 retail and wholesale.

  • Piramal acquires DHFL by paying creditors Rs 38,000 crore Sep 29, 2021 10:54 AM IST

    Piramal acquires DHFL by paying creditors Rs 38,000 crore

    The company has paid a total consideration of Rs 34,250 crore for the completion of the acquisition.

  • DHFL lenders to get payment from Piramal this week Sep 20, 2021 06:52 PM IST

    DHFL lenders to get payment from Piramal this week

    Creditors of Dewan Housing Corporation Ltd (DHFL) are all set to receive money, as early as this week, from Piramal Capital and Housing Finance Limited, a unit of Piramal Enterprises.

  • Yes Bank-DHFL case: Rana Kapoor's wife, daughters remanded to judicial custody Sep 18, 2021 07:52 PM IST

    Yes Bank-DHFL case: Rana Kapoor's wife, daughters remanded to judicial custody

    The three appeared in court and filed for bail through their legal team comprising Vijay Agarwal and Rahul Agarwal, who argued that the charge sheet was filed without Bindu, Radha and Roshni being arrested, and, therefore, as per a Supreme Court judgement, they deserve to be granted bail.

  • Yes Bank-DHFL case: CBI court grants interim bail to Rana Kapoor's wife, daughter Sep 04, 2021 07:22 PM IST

    Yes Bank-DHFL case: CBI court grants interim bail to Rana Kapoor's wife, daughter

    Rana Kapoor's wife and daughter were named as accused in the supplementary charge sheet filed by the CBI, but the duo was never arrested in the case.

  • NCLT appoints monitoring committee to manage DHFL during transition period: Report Jun 13, 2021 03:58 PM IST

    NCLT appoints monitoring committee to manage DHFL during transition period: Report

    The NCLT had on June 7 approved Piramal Group's overall resolution plan for DHFL, subject to a few conditions.

  • BSE, NSE suspend trading in DHFL shares with effect from today Jun 12, 2021 09:07 PM IST

    BSE, NSE suspend trading in DHFL shares with effect from today

    DHFL shares trading: The resolution plan, approved by NCLT in the successful bid of Piramal Group for DHFL, envisaged zero value for the shares of DHFL

  • Why are DHFL shares still trading? Jun 10, 2021 09:00 AM IST

    Why are DHFL shares still trading?

    The resolution plan, approved by NCLT in the successful bid of Piramal Group for DHFL, envisaged zero value for the shares of DHFL. Despite this the stock was allowed to be traded

  • DHFL Insolvency Case | 63 Moons to challenge NCLT order approving Piramal resolution plan Jun 08, 2021 06:56 PM IST

    DHFL Insolvency Case | 63 Moons to challenge NCLT order approving Piramal resolution plan

    The firm believes that the resolution plan is contrary to law and that this resolution plan is against the interest of all DHFL credit holders including all NCD holders.

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