Administrator of DHFL moves NCLT, alleges ₹12,705 cr  fraud

DATE- 30/09/2020

BY PRAVEEN PARIHAR

The company said the current NCLT application pertains to irregularities in loan disbursements towards development of Slum Rehabilitation Authority (SRA) projects undertaken by the company.

The administrator for Dewan Housing Finance Corp. Ltd (DHFL) on Sunday moved the National Company Law Tribunal (NCLT) against the company’s promoters Kapil and Dheeraj Wadhawan for alleged irregularities in loans worth ₹12,705.53 crore to slum rehabilitation projects, the company informed the stock exchanges on Monday.

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