Tag: #DebtResolution

Supreme Court Upholds Piramal Capital’s Resolution Plan for DHFL

April 7, 2025

In a significant verdict, the Supreme Court on Tuesday upheld Piramal Capital & Housing Finance’s resolution plan for the defunct Dewan Housing Finance Corporation Ltd (DHFL). This decision effectively overturned the earlier order by the National Company Law Appellate Tribunal (NCLAT), which had directed the lenders of DHFL to revisit specific aspects of the resolution […]

Supreme Court Upholds Piramal Capital’s Resolution Plan for DHFLmore

SC Approves Auction of Samrudhhi Realty Assets to Recover Rs 5,000 Crore Debt.

August 22, 2024

The Supreme Court has given the green light to auction Samrudhhi Realty’s assets, aiming to recover a debt of approximately Rs 5,000 crore. The decision, handed down on Tuesday, authorizes the liquidator to proceed with the auction process. However, a bench led by Justice Abhay S Oka clarified that if any of the assets belonging […]

SC Approves Auction of Samrudhhi Realty Assets to Recover Rs 5,000 Crore Debt.more