Suraksha group has now offered a line of credit of Rs 3,000 crore as working capital for construction of projects as against the earlier proposal of...
The resolution plans were submitted to Interim Resolution Professional (IRP) Anuj Jain.
The Supreme Court had reserved its judgment on October 8, 2020 over a batch of petitions and appeals filed in the matter.
The total offer of Piramal was Rs 37,250 crore, compared to Rs 38,400 crore offered by Oaktree. However, Piramal had offered a higher upfront cash payment.
The total dues of DHFL stand at around Rs 90,000 crore.
After this, the Committee of Creditors (CoC) is likely to meet to take a final call and send its recommendation to the NCLT, the sources added.
“We would also like to categorically state that CARE Ratings Limited has not issued any Rating or any kind of […]
The Piramal bid for DHFL offers the lenders the highest upfront cash recovery Piramal Enterprises on Friday claimed that its […]
Since the conclusion of the fifth round of the bidding last month, Oaktree and Piramal Enterprises are claiming that their bid is highest and implementable.
Reiterating that Oaktree has offered a mere Rs 1 lakh as committed equity, Piramal said that in contrast, its plan commits Rs 3,8000 crore of equity.