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DHFL becomes first financial services firm to be taken to NCLT
November 29, 2019 | By Livemint.com
business
RBI-appointed administrator will take over DHFL’s affairs once his appointment is cleared by NCLT.Unlike the usual insolvency proceedings, a creditor or the debtor itself cannot go to the tribunal but has to be referred by a regulator
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MUMBAI : The Reserve Bank of India (RBI) on Friday referred Dewan Housing Finance Corp. Ltd (DHFL), which has a debt of 83,873 crore, to the National Company Law Tribunal (NCLT) for insolvency proceedings. The Reserve Bank has today filed an application for
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