Kapil Wadhawan

Bank fraud case: ED attaches assets worth over Rs 70 cr of DHFL promoters Wadhawans

In pursuance of the said conspiracy, Kapil Wadhawan and others induced the consortium banks to sanction huge loans aggregating to Rs 42,871.42 crore, the agency said.

McDowell Holdings ownership battle exposes loopholes in IBC process, say experts

The McDowell Holdings-Sun Star Hotels case has put the spotlight back on the efficacy of the bankruptcy law as a tool to resolve the problem of bad debts

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.

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

ED attaches Rs 578-crore worth UK assets of Wadhawan brothers

The attached properties "are in the form of investment made by the Wadhawans through WGC-UK in United Kingdom-based companies" and a provisional order has been issued under the Prevention of Money Laundering Act (PMLA).

SC verdict: Banks explore option of invoking personal guarantee of promotion

The Supreme Court in May had held that the November 15, 2019 government notification allowing creditors, usually financial institutions and banks, to move against personal guarantors under the Insolvency and Bankruptcy Code (IBC) was 'legal and valid'.

DHFL shares may get delisted post acquisition by Piramal

As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm.

DHFL case continues to throw up unpleasant, and unnecessary, surprises

In the entire DHFL saga, the biggest loser is the retail investor in its equity and debt instruments

DHFL administrator moves tribunal challenging NCLT order on Wadhawan offer; lenders may follow suit

DHFL’s lenders too are likely to move NCLAT challenging order to consider payment plan by former promoter Kapil Wadhwan.

CBI books DHFL promoters for creating over 2.6 lakh fake home loan accounts

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.

Larger bench to decide if the day of remand should be included for grant of default bail: SC

The apex court said the question of interim bail should also be decided by the three-judge bench.

DHFL bidding war nears climax; Piramal makes a strong pitch for the mortgage firm

In a statement on Monday, Piramal listed ten things to argue that its bid has a clear upper hand over Oaktree

DHFL case | Piramal, Oaktree bids conditional and not qualified: Kapil Wadhawan

Wadhawan had proposed to offer 100 percent principal repayment to all the lenders (offered to repay Rs 91,158 crore) as opposed to the next highest bid of Rs 38,250 crore. He has offered to repay Rs 65,000 crore within seven years as opposed to Rs 38,000 crore reportedly payable in 10 years.

In latest letter, Kapil Wadhawan repeats his offer to repay Rs 91,000 crore to DHFL's creditors in 7-8 years

Wadhawan’s offer comes in the midst of ongoing CoC meetings to consider bids for DHFL including from Piramal Group and Oaktree.

Committee of Creditors likely to meet on December 23 again to evaluate DHFL bidders, wants more clarity from contenders

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.

DHFL case | Ex-promoter Kapil Wadhawan proposes to repay 100% to creditors in 7-8 years

In his proposal, Wadhawan also promised to pay an upward payment of Rs 9,000 crore to DHFL creditors.

DHFL promoter Kapil Wadhawan moves NCLT seeking participation in CoC meeting, access to data

Earlier, Kapil Wadhawan had requested the RBI-appointed administrator that he should be allowed to participate in the next meeting of the CoC so that he could 'put forth some of these thoughts to the CoC on the video conference to constructively aid in the resolution process of DHFL'.

Kapil Wadhawan repeats offer to settle claims of creditors, wants to participate in CoC meeting

In his letter today, Wadhawan requested the RBI-appointed administrator to allow him to participate in the next meeting of Committee of Creditors.

Kapil Wadhawan offers Rs 43,000 crore family assets to repay DHFL lenders

Kapil Wadhawan wrote to RBI-appointed administrator R Subramaniakumar on October 17 saying his offer would ensure maximum value for the assets that have been put on the block to repay loans.

Officer who facilitated Wadhawans’ lockdown getaway appointed Pune Police Commissioner

Newly appointed Police Commissioner Amitabh Gupta had written a note that mentioned that the vacationing group that included Kapil and Dheeraj Wadhawan was “well-known to me as they are my family friends and are travelling from Khandala to Mahabaleshwar for a family emergency”

ED moves SC against Bombay HC order granting bail to Wadhawan brothers in Yes Bank case