Twist in DHFL resolution saga, now NCLT orders stay in proceedings till December 3

The drama continues in the resolution process for DHFL India as the national company law tribunal ordered a stay on the company’s resolution proceedings. The committee of creditors has deferred the voting on bids to December 3. Balloting on four final bids to decide the new owner of the debt-laden Dewan Housing Finance was deferred after a city court halted the exercise, probably to ascertain the views of the then industry regulator and refinancier – National Housing Bank (NHB) – that had invoked regulatory provisions to seek a bigger share of the resolution proceeds. Here’s ET NOW’s Priyanka Iyer with more details.


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