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Piramal Capital had emerged as successful bidder and the Committee of Collectors (CoC) had ascribed a price of simply ₹1 for ₹45,000 crore-worth recoverable property of DHFL
The Piramal Group on Friday stated it was planning to maneuver the Supreme Courtroom in opposition to an order by the NCLAT, which despatched again its successful bid for DHFL to the lenders for reconsidering the valuation.
Below the insolvency decision proceedings, Piramal Capital had emerged as successful bidder and the Committee of Collectors (CoC) had ascribed a price of simply ₹1 for ₹45,000 crore-worth recoverable property of DHFL. These had been property apparently diverted fraudulently by erstwhile promoters of DHFL. NCLAT has now despatched the authorized decision plan again to the CoC to rethink the valuation of avoidable transactions that pertain to the recoverable property.
Supply- thehindu