The legal issue arose during the hearing of an Enforcement Directorate appeal against a Bombay High Court order granting bail to former DHFL promoters, Kapil Wadhawan and Dheeraj Wadhawan, in a Yes Bank money laundering case being probed by the agency

The administrator of the company received an initial report from the professional agency appointed as the transaction auditor indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, DHFL said in a regulatory filing

Stock Market News Updates Today: Bajaj Finserv, IndusInd Bank, RIL, Kotak Bank were among the top gainers today, while NTPC, PowerGrid, Asian Paints, ICICI Bank, Tata Motors were among the top losers

Crisis-ridden DHFL said during this quarter, additional transaction amounting to Rs 1,039.84 crore has been identified and reported by the company to stock exchanges and National Housing Bank (NHB)

Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

Dewan Housing Finance Corp share rose 4.96% to Rs 27.50 against previous close of Rs 26.20 on BSE

DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator

The stakes are high for billionaire Ajay Piramal, who has bigger financial services ambitions. In the past, Piramal's big strategic moves like Shriram Group stake and merger proposal with IL&FS and IDFC Bank didn't fructify

Stocks to watch today on December 31: YES Bank, Vedanta, Indian Overseas Bank, Union Bank, Adani Green, RITES, Fortis Healthcare among others are the top stocks to watch out for in Thursday's trading session

The top two highest bidders for Dewan Housing Finance Corporation (DHFL) -- the US-based Oaktree and Ajay Piramal-led Piramal Group -- are now engaged in a war of words publicly

The stock that crashed to a low of Rs 8.40 in April this year has now gained a whopping 285 per cent in just nine months to touch Rs 32 per share

Oaktree Capital and Piramal Capital & Housing Finance have emerged as top bidders in fourth round, trumping Adani Properties that entered via a lateral entry in third round. CoC will likely go with one promising higher upfront cash

India Stock Market Highlights Today: In today's session, Sensex hit an all-time high of 47,026 and Nifty logged a lifetime high of 13,772.

All three rival bidders had cried foul over Adani's bid earlier, saying the group had submitted the bid past the deadline and sought disqualification of Adani

Tata group, Reliance Industries, Adani Group, JSW and Vedanta are among others in race for lucrative assets, including start-ups

Now, the bidders will have an option to either submit a fresh bid or continue with November 17 bid. Additionally, DHFL's creditors have also given the freedom to bid either for a portion of the loan book or for the entire portfolio

Large industrial houses like Aditya Birla group, Bajaj group, Mahindra and Mahindra, and Tata Sons already have large NBFCs with more than a decade of operations. In fact, these NBFCs are bigger than many mid-sized banks in the country

Earlier this month, Dewan Housing Finance Corporation Ltd (DHFL) had received four bids for either picking up stake in the company or buying out assets

The key findings of the report by Grant Thornton allude to hundreds of fictitious loan accounts, demand for recoveries amounting to Rs 14,046 crore, and deposits routed through an imaginary entity in Bandra

IPS Officer Amitabh Gupta was the principal secretary with the Maharashtra home department when he granted permission to 23 members of the Wadhawan family to travel to Mahableshwar from Mumbai for a \"picnic\" in April