DHFL insolvency case: NCLT appoints panel to oversee resolution plan – Business Standard

The Mumbai bench of the NCLT approved Piramal Group’s resolution plan for the beleaguered DHFL on June 7.

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DHFL|NCLT|debt resolution

The National Company Law Tribunal (NCLT), while approving the resolution plan of Piramal Group for Dewan Housing Finance Limited (DHFL) has named a seven-member supervision committee, which will be given the power to manage and control the beleaguered housing financier during the period between the approval of the plan and its implementation.

The panel will have three representatives from the committee of creditors (CoC), two representatives nominated by the Piramal Group, and the administrator, provided that if the administrator…

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