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

India Strengthens Economic Ties With EFTA: A New Era Of Growth And Partnership

India’s growing partnership with the European Free Trade Association (EFTA) offers promising opportunities for economic…

3 hours ago

Apple’s Projected Revenue Surge In 2024, Driven By iPhone 16e Launch

Apple is set to generate an estimated $11 billion in revenue from iPhone sales this…

3 hours ago

PM Modi Emphasizes Leadership’s Role In National Progress At SOUL Conclave

PM Modi highlighted vital role of leadership in driving national progress, stressing need for a…

3 hours ago

Uttar Pradesh Chief Minister Highlights Growth Plans to Achieve $1 Trillion Economy Goal

UP CM Yogi Adityanath reaffirmed the state's commitment to reaching a $1 trillion economy by…

3 hours ago

NPS AUM Set To Double, Expected To Reach Rs 29.5 Lakh Crore In 5 Years

The National Pension System (NPS) is poised for significant growth, with AUM expected to more…

3 hours ago

NCS Portal Hits Milestone, Mobilizes Over 440 Million Vacancies And Registers 4 Million Employers

India’s National Career Service (NCS) portal has made significant strides in connecting job seekers and…

4 hours ago