Snippets Column

Supreme Court Cancels Bail Granted To DHFL Promoters On Charges Of Bank Load Scam Worth Of Crores

Former promoters of Dewan Housing Finance Limited (DHFL) Kapil Wadhawan and Dheeraj Wadhawan got a blow from the Supreme Court. The Supreme Court canceled the bail granted to both of them on charges of bank loan scam worth crores of rupees. NCLT had directed DHFL lenders to consider for its consideration, decision and voting the proposal to fully settle the mortgage lender’s dues of Rs 91,000 crore, including Rs 43,000 crore due in the first few years. The financial lenders had opposed the NCLT order as they had selected Piramal Group as the winning bidder for DHFL.

Srishti Verma

Recent Posts

President Murmu Highlights India’s Constitution As A “Living Document” On 75th Constitution Day

President Droupadi Murmu, in her address at the 75th Constitution Day celebrations described Indian Constitution…

55 mins ago

Jammu and Kashmir Marks First ‘Samvidhan Diwas’ Celebration Since 1950

On Tuesday, Jammu and Kashmir is observing ‘Samvidhan Diwas’, the first celebration of India’s Constitution…

1 hour ago

ISKCON Urges Indian Government To Secure Release Of Hindu Leader Chinmoy Krishna Das

ISKCON called on Indian government to take immediate action following detention of prominent Hindu leader…

2 hours ago

Indian Stock Market Opens In Green, Boosted By Realty Sector

Indian stock market opened in the green on Tuesday, continuing a strong performance seen in…

2 hours ago

Prime Minister Modi Pays Tribute To Shashikant Ruia, Essar Group Co-Founder

PM Modi honored the life and legacy of Shashikant Ruia, the co-founder of the Essar…

2 hours ago

Kia India Plans To Double CKD Exports By 2030; Targets Middle East & Africa

On Monday, Kia India revealed plans to double its CKD vehicle exports by 2030, significantly…

2 hours ago