InvestorQ : Why has Kapil Wadhawan of DHFL moved the Supreme Court?
Archita Jajjoo made post

Why has Kapil Wadhawan of DHFL moved the Supreme Court?

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Niti Shenoi answered.
2 weeks ago
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The erstwhile promoter of Dewan Housing, Kapil Wadhawan, has filed a plea in Supreme Court challenging the stay on the NCLT Mumbai bench order. NCLT had directed lenders to consider Wadhawan’s higher settlement offer. However, the banks and RBI challenged the NCLT order since Insolvency Code prohibits promoters of bankrupt companies from entering through the back door. Wadhawan is under investigations for money laundering.

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