Debt can creep up on you like a thief in the night. It starts innocently enough perhaps you let your credit card balance roll over for a few months or take out a personal loan to tide you over until payday. The next thing you know, your mailbox is bulging with bills. If you are…
While its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT TopicsDHFL|Housing Finance|NCLT Mortgage lender Dewan Housing Finance Limited (DHFL) has reported a net profit of Rs 97 crore on a standalone basis…
Jun 03 2021, 8:28 AMJun 03 2021, 5:52 PMJune 03 2021, 8:28 AMJune 03 2021, 5:52 PM cThe Insolvency and Bankruptcy Code, 2016 has emerged as the most impactful legislation for enforcement actions by creditors against corporate debtors. Its interpretation has not been without controversy for that you may thank the ingenuity of various stakeholders…
A Taiwanese businessman who used to own one of the worlds biggest shipping empires before losing almost everything in the financial crisis is seeking to leave Britain after years of legal disputes and a spell in prison. Nobu Su, who was released from Pentonville prison in April last year having been detained for breaching a…
Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday. TopicsTata Steel|Mining industry Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said…
Dewan Housing Finance Ltd (DHFL) on Sunday reported widening of its FY21 consolidated net loss to Rs 15,051.17 crore as compared with a loss of Rs 13,426.85 crore in FY20. Total income declined to Rs 8,802.79 crore in FY21 from Rs 9,578.85 crore in FY20. However, the company, which is under corporate insolvency process, posted…
On October 17, at around 5 pm, R Subramaniakumar, the administrator of Dewan Housing Finance, received an unusual letter from an inmate of Taloja jail near Mumbai. The nine-page letter was from the finance companys erstwhile promoter Kapil Wadhawan, detailing an offer to settle all dues in exchange for taking back control of the firm.…
Katie Price has responded to rumours shes due to enjoy a huge pay day by joining Big Brother Australia this summer. The former glamour model, 43, was said to be in talks to join the Aussie reality show. Katie has struggled with financial woes for years now, and has been declared bankrupt. Read more: Katie…
A group of international lenders is battling for greater transparency and governance changes at a major Dubai real estate investment trust ahead of a crunch vote on its restructuring plans on Monday, marking a rare case of investor activism in the Gulf. Emirates REIT, the largest sharia-compliant Reit in the United Arab Emirates, faces resistance…
New Delhi: Dewan Housing Finance Corporation ( ) on Sunday reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021. The company, which is under corporate insolvency process, had posted a net loss of Rs 7,507.01 crore in the January-March quarter of the year-ago fiscal. The…