Banking Fraud is posing menace to Indian Financial system. The drama continues in the resolution process for DHFL India as the national company law tribunal ordered a stay on the corporate’s decision proceedings. The committee of creditors has deferred the voting on bids to December three. Balloting on four ultimate bids to resolve the new owner of the debt-laden Dewan Housing Finance was deferred after a city court halted the exercise, probably to establish the views of the then trade regulator and refinancier – Nationwide Housing Financial institution (NHB) – that had invoked regulatory provisions to hunt an even bigger share of the decision proceeds. Here’s ET NOW’s Priyanka Iyer with more particulars.
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