Mar 25, 2021 09:42 AM IST
DHFL promoters Kapil Wadhawan and Dheeraj allegedly created 2.60 lakh fake home loan accounts under the PMAY to avail benefits to the tune of Rs 14,046 crore, the CBI has said.
- Mar 24, 2021 10:13 PM IST
The case registered by CBI is against promoters of DHFL Kapil Wadhawan and Dheeraj Wadhawan who are already facing two other cases by CBI in the Yes bank scam and UP power Corporation scam.
- Mar 05, 2021 10:57 PM IST
The administrator of the company received an initial report from the transaction Auditor, indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, DHFL said in a regulatory filing.
- Feb 26, 2021 11:35 AM IST
DHFL received no objection from the Reserve Bank of India and filed an application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance.
- Feb 18, 2021 12:02 PM IST
Lenders will now take it to NCLT by next week for its approval
- Feb 11, 2021 07:59 PM IST
The company had posted a net profit of Rs 724.19 crore for the year-ago period.
- Jan 27, 2021 06:55 PM IST
YES Bank co-founder remanded to custody until January 30. ED to grill him on loans given to HDIL for renovation of a newly constructed building in a Mumbai suburb
- Jan 22, 2021 08:32 PM IST
In a regulatory filing, Piramal Enterprises said it's been issued the Letter of Intent (LoI) by the administrator of DHFL on January 22.
- Jan 18, 2021 01:16 PM IST
DHFL’s creditors will get around one-third of what they lent to the company but something is always better than nothing.
- Jan 18, 2021 11:49 AM IST
Depositors and retail bondholders are two other classes unlikely to be happy
- Jan 16, 2021 04:47 PM IST
The RBI is expected to set out proposals in a discussion paper next week, recommending that bigger shadow banks maintain a statutory liquidity ratio, the sources said.
- Jan 15, 2021 08:15 PM IST
An announcement is expected soon. The Committee of Creditors will meet early next week to issue the Letter of Intent to the Piramal Group.
- Jan 11, 2021 03:19 PM IST
In a statement on Monday, Piramal listed ten things to argue that its bid has a clear upper hand over Oaktree
- Jan 08, 2021 05:14 PM IST
Piramal Group contests Oaktree's bid for DHFL, strongly objects to at least five claims made by the US asset management company in its bid for DHFL.
- Jan 01, 2021 10:50 AM IST
The Committee of Creditors (CoC) has begun voting on bids for DHFL, and the winning bidder might be announced by the end of January.
- Dec 29, 2020 02:23 PM IST
The 49 percent limit on foreign direct investment is a hurdle for Oaktree Capital in acquiring DHFL Pramerica Life Insurance.
- Dec 28, 2020 09:34 AM IST
Piramal raised its total offer for DHFL to Rs 38,250 crore on December 24, higher than Oaktree's offer of Rs 36,400 crore.
- Dec 21, 2020 04:27 PM IST
Wadhawan’s offer comes in the midst of ongoing CoC meetings to consider bids for DHFL including from Piramal Group and Oaktree.
- Dec 21, 2020 02:42 PM IST
CoC will likely look at eligibility of bidders beyond financial component. Piramal Enterprises offers a higher cash upfront—preferred by lenders— than rival Oaktree for troubled mortgage lender DHFL.
- Dec 18, 2020 11:06 AM IST
DHFL lenders will likely meet on December 18 to discuss bids submitted by four suitors - Piramal Enterprises, Oaktree, SC Lowy and Adani Properties.
- Dec 16, 2020 01:12 PM IST
Piramal Enterprises offers at least Rs 1,000 crore higher upfront payment than US asset manager Oaktree for DHFL in fourth round of auction. India’s FDI laws complicate Oaktree bid as DHFL has an insurance business.
- Dec 14, 2020 05:34 PM IST
In his proposal, Wadhawan also promised to pay an upward payment of Rs 9,000 crore to DHFL creditors.
- Dec 14, 2020 01:57 PM IST
The company, which is now being run under an administrator, engaged Grant Thornton earlier this year to conduct an investigation into the affairs of the mortgage lender.
- Dec 02, 2020 09:00 PM IST
With the new development in place, DHFL's bidders will now have the option to either choose to submit a fresh bid, or else they can continue with the previous bid submitted on November 17.
- Dec 01, 2020 02:26 PM IST
The committee of creditors will give the four DHFL suitors— Adani Group, Piramal, SC Lowy and Oaktree Capital— time to revise their offers.