DHFL: NCLAT sets aside NCLT order that directed to consider Wadhwan's second offer

The appellate tribunal observed that NCLT has passed directions to consider the second proposal from Wadhwan, despite the fact that the Committee of Creditors (CoC) of DHFL had already by an overwhelming majority approved the Piramal Capital & Housing Finance's resolution plan and the administrator had applied before it for its approval.

from Banking/Finance-Industry-Economic Times https://ift.tt/Xgp3tNfWw