ANI | Updated: Jun 22, 2021 15:54 IST
New Delhi/Mumbai [India], June 22 (ANI/NewsVoir): Cyril Amarchand Mangaldas (Firm) acted as the legal counsel to Committee of Creditors (CoC) of Dewan Housing Finance Corporation Limited (DHFL) on DHFL’s corporate insolvency resolution process. The CoC of DHFL comprises of banks, financial institutions, and authorised representatives acting on behalf of a large number of debenture holders (both institutional and retail) and public deposit holders (several thousand of each).
The Firm advised the CoC since the inception of the CIRP and through a bidding process designed to maximise value and successfully represented the CoC before the NCLT resulting in the approval of the Resolution Plan.
The Banking …