The Mumbai bench of NCLT directs the lenders of DHFL to now consider its former promoter Wadhwan’s settlement offer

The Mumbai bench of NCLT has asked DHFL creditors to re-think its former promoter Wadhwan’s offer and come up with their decision by May 31.

The Mumbai bench of the National Company Law Tribunal (NCLT) has asked the lenders of Dewan House Finance Limited (DHFL) to now ponder over its former promoter Kapil Wadhwan’s settlement offer for the bankrupt or insolvent firm.

Well, the creditors’ committee has been provided ten days time to consider Wadhman’s offer and revert back to the court with their final decision till May 31st, according to the sources.

Though the court has pronounced a verbal order as of now and the written copy is yet to be published.

In addition to this, the RBI-appointed administrator of the company has filed another fraud claim against DHFL promoters and the same tribunal has taken up the case.

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