63 moons to challenge Piramal’s DHFL acquisition
The Hindu
63 moons technologies said it will challenge the order of the National Company Law Tribunal (NCLT), Mumbai allowing Piramal Group to acquire DHFL under the Insolvency and Bankruptcy Code (IBC).“63 moo
63 moons technologies said it will challenge the order of the National Company Law Tribunal (NCLT), Mumbai allowing Piramal Group to acquire DHFL under the Insolvency and Bankruptcy Code (IBC). “63 moons believes that the current resolution plan is contrary to law and against the interest of all DHFL’s creditors, including NCD holders,” it said in a statement “The administrator of DHFL has filed applications for recovery of almost ₹45,000 crore under Section 66 of the IBC against DHFL’s promoters and other persons on account of their fraud against the creditors,” it added.
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