DHFL: NCLAT sets aside NCLT order that directed to consider Wadhwan’s second offer

The Nationwide Firm Legislation Appellate Tribunal (NCLAT) has put aside an earlier order of the Mumbai bench of the NCLT, which had directed the administrator of the debt-ridden DHFL to place the second settlement proposal by erstwhile promoter Kapil Wadhwan earlier than its lenders for consideration. The appellate tribunal noticed that NCLT has handed instructions …

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