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2 days ago · Now Wadhawan is seeking the tribunal’s intervention to reject all the six resolution plans, and also reconstitute the CoC with each project having a committee. Additionally, he is seeking to stay CoC voting on all the remaining verticals. He has also prayed to conduct an investigation into the affairs of the CIRP of the HDIL.
2 days ago · Former HDIL promoter Rakesh Wadhawan, currently out on bail in the PMC Bank scam, has approached the NCLT seeking permission to propose a revival plan in the Corporate Insolvency Resolution Process (CIRP). He claims HDIL is valued over Rs 6,500 crore, while the approved resolution plan suggests less than Rs 600 crore. Wadhawan alleges a systematic looting of HDIL's assets and blames the resolution professional for conspiracy and foul play., Companies News - Times Now
5 days ago · Creditors claim Rs 8,138 crore, valuation over Rs 6,500 crore. Former housing Development Infrastructure Limited (HDIL) promoter Rakesh Wadhawan has approached the National Company Law Tribunal (NCLT) to allow him to propose “a viable revival plan” in the Corporate Insolvency Resolution Process (CIRP). In his application, Wadhawan has ...
Jun 26, 2023 · The National Company Law Appellate Tribunal (“NCLAT”), New Delhi Bench, comprising of Justice Ashok Bhushan (Chairperson) and Shri Barun Mitra (Technical Member), while adjudicating an appeal filed...
The respondent no. 1- Kapil Wadhawan and respondent no. 2-Dheeraj Wadhawan came to be arrested by the appellant-CBI in connection with the said FIR on 19.07.2022 and were remanded to judicial custody on 30.07.2022. 5. After carrying out the investigation, a chargesheet for the offences under Section 120B r/w Section 206, 409, 411, 420, 424, 465 ...
Apr 18, 2024 · The Central Bureau of Investigation (CBI) initiated legal proceedings against Sh. Kapil Wadhawan, the former Chairman and Managing Director of DHFL, and 12 other accused persons for orchestrating a scheme to defraud a consortium of 17 banks led by Union Bank of India.
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Why is Wadhawan seeking a CIRP investigation?
Why did Rakesh Wadhawan seek a CIRP Revival Plan?
Did Kapil Wadhawan conspire to defraud Union Bank of India?
Why did the Ed initiate an investigation against Kapil Wadhawan?
Oct 26, 2023 · The ED investigation has revealed a conspiracy involving Kapil Wadhawan, Dheeraj Wadhawan, and other accused individuals who conspired to defraud the consortium of 17 banks, primarily led by Union Bank of India.
