The Committee of Creditors has been asked to convene within 10 days to consider Kapil Wadhawan’s offer.
DHFL erstwhile promoter Kapil Wadhawan.
The National Company Law Tribunal (NCLT) has asked the Committee of Creditors (CoC) of Dewan Housing Finance (DHFL) to consider Kapil Wadhawan’s offer for the company.
The NCLT has asked the CoC to convene within 10 days to consider Wadhawan’s offer, CNBC-TV18 reported.
Wadhawan is the former promoter of DHFL. He had earlier proposed to repay Rs 91,158 crore to the lenders. However, lenders did not consider the offer, due to legal advice against it.
The CoC had in January 2021 voted in favour of Piramal Group’s offer for DHFL and declared it the “winning bid”. The Piramal bid is, however, still pending approval from the NCLT.
[This is a developing story. Check back for more details.]
