DHFL
Court rejects CBI's plea seeking amendment of charges against DHFL's ex-CMD, others
A Delhi court has refused to change charges against Kapil Wadhawan, Dheeraj Wadhawan, and Ajay Nawandar. They are accused of defrauding a consortium of 17 banks for Rs 34,000 crore. The court found no evidence to support additional charges under specific IPC sections. It clarified that it cannot review its own order except for clerical errors. The court previously framed charges against 104 accused persons on July 30.
Physical intimacy cannot be branded as rape after consensual relationship sours: SC
The Supreme Court addressed concerns over criminal cases following relationship failures, emphasizing consent during the relationship. It asserted that retrospective regret cannot redefine consensual acts as rape due to relationship dissolution. The court highlighted the importance of distinguishing between genuine cases of coercion and consensual interactions. It pointed out that misuse of rape allegations undermines the serious nature of the crime.
Hinduja Housing Finance appoints Vivek Kannan as CEO, takes over from managing director Sachin Pillai
Vivek Kannan has been appointed as the chief executive officer of Hinduja Housing Finance Limited. He succeeded Sachin Pillai, who stepped down but remains on the board as a non-executive director. Kannan joined the company as Chief Operating Officer in 2020 and contributed significantly to its growth and transformation. With over two decades of experience, he has held leadership roles in various financial institutions.
DHFL Case: Delhi court rejects CBI plea for additional charges against Wadhawan brothers, says it cannot review charge order
A special court in Delhi denied the CBI's request for additional charges against Kapil Wadhawan and Dheeraj Wadhawan. The court stated that it could not review its earlier decisions except for clerical errors. Special Judge Sanjeev Kumar Malhotra noted that charges had already been properly framed against the accused. The CBI's arguments for new charges were deemed unsubstantiated and informal.
Piramal Finance shares jump 4% as Q2 profit rises 67% YoY to Rs 545 crore, NII jumps 35% YoY
Piramal Finance shares rose nearly 4% after Q2 FY27 net profit surged 67% year-on-year to Rs 545 crore. Assets under management grew 24%, while retail disbursements increased 34%. The company strengthened its capital base, expanded AI adoption, improved operational efficiency, and appointed former SBI Chairman Dinesh Kumar Khara as Independent Director.
DHFL case: ED freezes bank deposits worth Rs 51.75 crore
The Enforcement Directorate froze bank deposits worth over fifty-one crore rupees. This action is part of a fresh probe into a massive bank loan fraud. The investigation involves Dewan Housing Finance Corporation Limited and its promoters. An immovable asset in the United Kingdom was also found to be involved.
NCLAT upholds NFRA penalty on DHFL auditors
The National Company Law Appellate Tribunal has upheld the penalty imposed by the National Financial Reporting Authority (NFRA) on auditors of Dewan Housing Finance Corporation Ltd (DHFL). The NFRA had fined 18 DHFL auditors Rs 1 lakh each, with 14 of them being barred from practicing for six months to a year. The auditors were found guilty of misconduct during branch audits and were blamed for failing to detect fraud at DHFL.
ED traces Rs 2,317 crore as ‘proceeds of crime’ in Yes Bank-DHFL fraud
The agency suspects that the entire amount received by Yes Bank to DHFL has been laundered by the accused brothers Kapil and Dheeraj Wadhawan. Along with the Wadhawan brother, the promoter of Yes Bank, Rana Kapoor has been arrested in the said case.
DHFL-UPPCL fraud case: ED provisionally attaches assets worth Rs 578 crores
Earlier in June, Piramal Capital and Housing Finance Ltd received a bankruptcy court’s approval to acquire DHFL for Rs.37,250 crore, but with a few conditions.
DHFL: Possible merger, delisting — what next? A look at fresh developments amid rising speculation
The resolution plan for DHFL was approved by the RBI in February, and by Competition Commission of India (CCI) in April. Piramal’s offer got about 94% votes of the creditors. Rival bidders Oaktree and Adani Capital obtained 45% and 18%, respectively.
How money moved in circles in DHFL insurance deals
The link between TDH and DHFL’s insurance business follows a complex trail of transactions that show that DHFL had funded entities that in turn had financed the acquisition when DHFL divested its stake in the insurer resulting in allegations of round tripping of funds.
Claims worth Rs 4,800 cr admitted from fixed deposit holders of debt-laden DHFL
Nearly 55,000 public depositor holders, including retail and UP Power Corporation Employees, have demanded payments aggregating to Rs 5,200 crore from the troubled mortgage players as of December 17. "The claims from fixed depositors that have been admitted, so far, are Rs 4,800 crore," a source said.
DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposure
DHFL Pramerica Life, launched in 2008, is a joint venture between DHFL Investments, a wholly-owned arm of DHFL, and Prudential International Insurance Holdings of the US, has Rs 4,675 crore assets under management. DHFL General Insurance, on the other hand, is a fully-owned subsidiary of Wadhawan Global Capital, the holding company of the HDFL Group.
DHFL lenders to probe gangster links
The forensic audit conducted by KPMG has revealed alleged routing of at least Rs 20,000 crore by DHFL to several shell companies. But it did not specifically look into any links with Mirchi and Dawood.
Debt-laden DHFL gets Sebi approval to exit mutual fund business
The company had entered an agreement with Prudential Financial to divest its 50 per cent holding in DHFL Pramerica Asset Managers (DPAMPL).
DHFL defaults again on commercial papers repayment
Out of the aggregate amount of Rs 375 cr, DHFL failed to make payments worth Rs 225 cr.
Are DHFL Pramerica Mutual Fund schemes the largest investors in DHFL papers? Be ready for surprise
DHFL Pramerica Medium Term Fund had invested 37 per cent of its portfolio in its parent company DHFL’s papers.
DHFL aims 20 per cent growth in FY18, AUM to cross Rs 1 lakh crore
We are looking at 18-20 per cent growth in our business in 2017-18. We ended with Rs 28,000 crore incremental lending, said DHFL.
Reject DHFL's related party transaction proposal, proxy advisory tells shareholders
To unlock embedded value, DHFL has proposed to transfer its entire shareholding in DHFL Pramerica Life Insurance (DPLI) to its wholly owned subsidiary DIL.
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