Dewan Housing Finance Ltds erstwhile promoter Kapil Wadhawan has moved the Supreme Court, challenging the stay order passed by the National Company Law Appellate Tribunal (NCLAT) on his offer to lenders, according to two people aware of the matter.
The NCLAT last week stayed the ruling of the National Company Law Tribunal (NCLT), which had directed lenders of Dewan Housing Finance Corporation Ltd (DHFL) to consider Wadhawans settlement offer of 91,000 crore.
Wadhawan appealed in the Supreme Court on Monday evening. Date for hearing the case is not known yet,” said one of the persons cited above.
Last week, the committee of creditors (CoC) led by Union Bank, and the Reserve Bank of India-appointed administrator filed separate applica…
Read the full article at: https://www.livemint.com/companies/news/wadhawan-moves-sc-against-nclat-order-11622577474765.html