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The drama continues in the resolution process for DHFL India because the nationwide company legislation tribunal ordered a keep on the corporate’s resolution proceedings. The committee of creditors has deferred the voting on bids to December 3. Balloting on 4 final bids to resolve the brand new proprietor of the debt-laden Dewan Housing Finance was deferred after a city court docket halted the exercise, in all probability to establish the views of the then industry regulator and refinancier – National Housing Bank (NHB) – that had invoked regulatory provisions to hunt a bigger share of the decision proceeds. Here’s ET NOW’s Priyanka Iyer with extra particulars.
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