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 valuation of these projects including Juhu Galli project and Irla project are about Rs 43,879 crore that to at a 15 per cent lesser market value

Stocks to watch today on October 19: HDFC Bank, Tata Communications, Avenue Supermarts, Bajaj Consumer, RIL among others are the top stocks to watch out for in Monday's trading session

In November last year, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings

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

The observations from a two-member NCLAT bench came as it upheld an order of the National Company Law Tribunal

As per the report prepared by the transaction auditor, the concerned transactions occurred during financial years 2006-2007 to 2018-19, DHFL said in a regulatory filing

India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

The company is currently under moratorium under the Code (IBC) since November 29, 2019 and hence, it is not in a position to make payment of interest or principal to any of the lenders of the company, including the NCDs holders

Corona in India update: Samshi Talab in Mehrauli including A-3 Lake view apartment, Gali number 1 band of Raj Nagar 2 in Dwarka, and house number 15 to 101 in Dayanand Vihar are the latest additions to the list of hotspots in Delhi; Maharashtra now has 6,427 COVID-19 cases

Judge Briggs had reserved his judgment after hearing arguments from both sides in December last year over the loans to Mallya's now-defunct Kingfisher Airlines

DHFL share price rose nearly 5% to Rs 11.39 in early trade compared to the previous close of Rs 10.85 on BSE. Market capitalisation of the housing finance stock currently stands at Rs 357.44 crore.

Budget 2020: Banks and other leading financial institutions are hoping Modi government will announce measures that can revive credit and access to funds

DHFL results: Consolidated revenue plunged 39.5 per cent to Rs 2,106.71 crore during July-September quarter of this fiscal, as against Rs 3,483.32 crore in the year-ago period

The deal has been done via Navi Technologies, formerly known as BAC Acquisitions which Sachin Bansal had founded along with IIT-Delhi batchmate Ankit Agarwal after selling his stake in Flipkart

DHFL share price rose nearly 5% to Rs 16.90 in early trade compared to the previous close of Rs 16.10 on BSE

Among the financial creditors, the country's largest lender, State Bank of India, including SBI Singapore, submitted the highest claim of Rs 10,082.90 crore

Third-largest pure play mortgage player is the first non-banking financial company or housing finance company to face the corporate insolvency resolution process

Corporates' debt dsitress has led to a mostly muted scene on India's corporate deal street this year, after a blockbuster 2018, while economic slowdown fears further came in the way for any significant merger and acquisition deals