The administrator of Dewan Housing Finance Corp. has questioned the curious timing of Mumbai National Company Law Tribunals May 19 direction to the creditors committee. The order of the NCLT has the effect of disrupting the strict timelines under the insolvency code. The CoC is being compelled to vote on promoter Kapil Wadhawans settlement proposal against its commercial wisdom, the administrator said in its petition before the ap…
The administrator of Dewan Housing Finance Corp. has questioned the curious timing of Mumbai National Company Law Tribunals May 19 direction to the creditors committee.
The order of the NCLT has the effect of disrupting the strict timelines under the insolvency code. The CoC is being compelled to vote on pr…
Read the full article at: https://www.bloombergquint.com/law-and-policy/dhfls-insolvency-timing-of-nclt-order-surprising-says-administrator
