Dewan Housing Finance DHFL

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CBI has stumbled upon 2 payments of over Rs 68.8 cr and Rs 292 cr to arrested ABIL chairman Avinash Bhosale's companies made by Radius Developers, whose owner Sanjay Chhabaria was recently arrested

Avinash Bhosale was arrested on Thursday (May 26) by the central probe agency, which suspects illicit funds were routed through several real estate firms based in Maharashtra.

A Delhi court has granted bail to Dheeraj Rajesh Wadhawan and Kapil Rajesh Wadhawan, ex-promoters of Dewan Housing Finance Corporation Ltd (DHFL) in the alleged multi crore scam case.The Additional Sessions Judge Reetesh Singh while granting bail on Friday (May 13) said, "in the present case as well, the applicant/accused persons- Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan were not arrested during the investigation. A supplementary chargesheet was filed against them without arrest. Investigation Officer (IO) in his reply to the bail applications has stated that there is no requirement of custody".Court noted that the said case pertains to FIR registered under sections 420, 406, 409, 120-B of the Indian Penal Code (IPC), wherein the allegations were made against the accused Dheeraj Rajesh Wadhawan and Kapil Rajesh Wadhawan were the directors of DHFL during that time and had sanctioned loan to M/s Shubhkamna Buildtech Pvt. Ltd., and entered into a tripartite agreement with the ...

In an interview, Piramal Group chairman said he would not hesitate to step down from Tata Sons board if there is a sense of conflict of interest after his acquisition of DHFL

Directs administrator to place proposal before the CoC and inform the outcome within 10 days

The tribunal has asked CoC to convene within 10 days; DHFL's former promoter had earlier proposed to repay Rs 91,158 cr to lenders

The insolvent Dewan Housing Finance Corporation Ltd has reported a consolidated net loss of Rs 2,122.65 crore for the July-September period

Explained: Why Piramal group is objecting to the Adani's bid for DHFL

Listen to the podcast to know about the latest row over DHFL bid

Adani, which had earlier bid only for the wholesale book, now want all of DHFL's assets and has pipped both Oaktree and Piramal by bidding higher than each of them

According to the report by the transaction auditor, the concerned transactions occurred between FY17 and FY19

The report said siphoning off funds by the company was going on since 2006-07 via 91 fictitious entities operating from a Bandra branch

Since the IL&FS crisis, allocation to govt papers more than doubles, exposure to NBFCs drops

The bank has already made provisions amounting to Rs 1,246.58 crore, as per prescribed prudential norms, it added

Former YES Bank MD & CEO Rana Kapoor was grilled by the ED for several hours on Saturday, and searches were conducted at his and his daughters' houses

In its books, these loans sanctioned to 100,000 fictitious retail customers

Mirchi, who died in 2013 in London, was alleged to be the right-hand man of global terrorist Dawood Ibrahim in drug trafficking and extortion crimes

Enforcement Directorate is probing the money-laundering angle in the scam

Following an NCLT order dated December 3, Subramaniakumar, through a public notice, had asked all the creditors including fixed depositors to submit their claims by December 17

Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore