NCLT admits insolvency resolution plea against erstwhile promoter of DHFL Dheeraj Wadhawan
The National Company Law Tribunal (NCLT) in Mumbai has accepted Union Bank of India’s plea to commence insolvency proceedings against Dheeraj Wadhawan, the former promoter of Dewan Housing Finance Ltd (DHFL), due to the company's default of Rs 3,958 crore, for which Wadhawan provided a personal guarantee. Devendra Mehta has been appointed as the resolution professional (RP) to assess lenders' claims and Wadhawan's personal assets.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
