DHFL case: Auditor flags fraudulent transactions worth Rs 17,394 crore Last year, the Mumbai bench of the National Company Law Tribunal (NCLT) had admitted the company for insolvency resolution. It had appointed Indian Overseas Bank's former managing director and CEO R Subramaniakumar as the company's administrator.
Lenders of debt-ridden DHFL to meet on Monday to take call on bids: Report Earlier this month, DHFL had received four bids for either picking up stake in the company or buying out assets.Since investors have submitted poor bids, lenders are set to lose whopping ₹68,000 crore against the total liabilities of ₹95,000 crore, according to sources
Lenders to debt-ridden DHFL to meet on Monday to take call on bids Prior to that, the company's board was superseded and R Subramaniakumar was appointed as the administrator. He is also the resolution professional under the Insolvency and Bankruptcy Code (IBC).
Oaktree Capital offers Rs 28,000 crore for entire DHFL portfolio: Report Oaktree Capital is said to have offered the highest recovery for lenders by far and maybe a natural choice. However, banks are planning to negotiate the offer higher and would hold discussions with the bidders over this week
DHFL hits upper circuit as Adani Group, Piramal, Oaktree bid for firm In November, the RBI referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings.