Special court discharges DHFL in Rs 5,050 crore money laundering case, citing immunity under IBC. Individuals still liable.
Mumbai, Feb 4 (PTI) A special court in Mumbai has discharged now defunct Dewan Housing Finance Corp Ltd (DHFL) in a Rs 5,050 crore money laundering case, ruling the company under new management is entitled to statutory immunity under the Insolvency and Bankruptcy Code (IBC).
The court, however, clarified that while DHFL as a corporate entity is discharged, the immunity does not extend to individuals involved in the case.
In an order passed on February 2, special PMLA court Judge RB Rote ruled that DHFL is entitled to statutory immunity following its successful resolution process under IBC, a legislation that provides…