NCLAT declines to stay Piramal’s plan for DHFL

NCLAT declines to stay Piramal’s plan for DHFL

New Delhi, July 23

The National Company Law Appellate Tribunal (NCLAT) on Friday declined to stay the resolution plan of Dewan Housing Finance Corporation Ltd (DHFL) and its subsequent takeover by Piramal Capital & Housing Finance over the plea filed by 63 Moons Technologies.

A two-member Bench rejected 63 Moons Technologies' plea to pass an interim order staying the resolution plan approved by the Mumbai Bench of NCLT. — PTI

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