NCLAT says any further action on Piramal's DHFL Resolution Plan subject to 63 moons plea


NCLAT says any further action on Piramal's DHFL Resolution Plan subject to 63 moons plea

At present, the NCLAT has not interfered at the interim stage. Refusing to stay implementation on Piramal's Resolution Plan after 63 Moons opposed it, the NCLAT did not pass an interim order on the approved resolution plan.

The city-based affordable housing focused lender, which is one of the three credit business verticals of the Chennai-based Shriram Group, closed FY21 with a loan book of Rs 3,923 crore, which despite the pandemic washout has already crossed Rs 4,000 crore as of end-June.


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