Dewan Housing Finance Corporation Ltd. - Latest news, views and updates

Dewan Housing Finance Corporation Ltd.

29 Aug 2023

DHFL fraud: The Wadhawan brothers, a multi-crore scam and ongoing cases

Business Today

In July 2023, Dheeraj Wadhawan, one of the accused in the DHFL-Yes Bank case, was denied medical bail by a special court that observed he had not paid Rs 24 lakh for police escort provided to him during his long hospitalisation.

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Dewan Housing Finance Corporation Ltd.

24 Aug 2023

Nisus Finance Fund-1 and Phoenix ARC invest Rs 95 cr in commercial project in Ahmedabad

Moneycontrol

With this, Nisus and Phoenix have taken over the loans of DHFL, which had been acquired by Piramal Capital Housing Finance Limited.

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Dewan Housing Finance Corporation Ltd.

13 Jun 2023

Punt Partners hires Sumera Dewan as president for Punt Creative

livemint

Marketing tech company Punt Partners has diversified into creative services and hired Sumera Dewan as president to establish and drive the business. The company's co-founder, Madhu Sudhan, said the move was organic given its aim of becoming growth partners for clients, and Dewan was "suited for this role". The Indianfirm's leadership "embodies a fusion of technology and creativity", Dewan said, with a focus on immersive storytelling solutions to let brands interact with their audiences like never before.

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Dewan Housing Finance Corporation Ltd.

15 Apr 2023

NFRA imposes fine, bans auditors for misconduct in audit of DHFL branches

Business Standard

The National Financial Reporting Authority (NFRA) has imposed a fine and a one-year ban on four auditors for alleged professional misconduct in connection with the audit of branches of Dewan Housing Finance Corp Ltd (DHFL) in 2017-18. DHFL (now known as Piramal Capital and Housing Finance Ltd) is a listed entity, owned and controlled by Piramal Group. In four separate orders, NFRA levied a fine of Rs 1 lakh each on auditors -- Mathew Samuel, Sam Varghese, Harish Kumar T K and M Baskaran. The auditors are partners of audit firm K Varghese & Co. Besides, all of them were restrained for a period of one year from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate during the ban period, the order said. "The investigation by NFRA revealed prima facie evidence that the branch auditors had violated both the Companies Act, 2013 and the Chartered Accountants Act, 1949 by accepting the appointment that ..

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Dewan Housing Finance Corporation Ltd.

10 Mar 2023

Piramal Capital initiates sale of Rs 5,500 cr DHFL bad loan portfolio

Economic Times

Piramal has asked interested bidders to submit expressions of interest where the offer amount is a mark-up of at least 10% to the base offer of 2,550 crore. The bids can be made in all cash basis or cash-plus-security receipts basis, where 15% of the bid amount will be paid in cash and the remaining in security receipts. Security receipts are quasi debt instruments, which are redeemed when the ARC recovers the underlying debt.

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Dewan Housing Finance Corporation Ltd.

18 Dec 2022

Hotels, resorts sold out on high demand for Christmas-New Year celebrations

Business Standard

The domestic hospitality industry is gearing up to make the most of full-fledged Christmas and New Year celebrations this time around after two years of washout by the pandemic, with rooms at many hotels and resorts already sold out. As people seek to make up for the winter holidays lost to COVID-19, destinations like Karjat, Lonavala, Vizag, Dharamshala, Udaipur, Manali and Gir are witnessing good demand, apart from traditional popular places like Goa, Kerala and Shimla. "The year-end festive season looks very positive and this year appears to be one of the best years so far for the hospitality sector," Apeejay Surrendra Park Hotels Ltd Managing Director, Vijay Dewan told PTI in an e-mailed response. He further said, "All our hotels are gearing up for sold out spaces along with high occupancy in rooms. This year we have lined up some great events during Christmas and New Year's which the guests missed out during the last 2 years due to the pandemic." Mahindra Holidays & Resorts ..

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Dewan Housing Finance Corporation Ltd.

05 Dec 2022

CBI moves Delhi HC agst statutory bail granted to DHFL's Wadhawan brothers

Business Standard

The CBI on Monday approached the Delhi High Court challenging the statutory bail granted to former Dewan Housing Finance Corporation Limited (DHFL) promoters, Kapil Wadhawan and his brother Dheeraj, in connection with a multi-crore bank loan scam case. The plea, which was mentioned by the CBI counsel for urgent listing before a bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad, is likely to be heard on Tuesday. The Central Bureau of Investigation (CBI) has challenged a trial court's December 3 order granting statutory bail to Wadhawan brothers due to incomplete charge sheet. The special court, in its order, has said that on merits, the two accused persons might not be entitled to any bail keeping in view the gravity and seriousness of the case. However, it said the court was compelled to release them from custody under statutory law by giving mandatory concession of default bail due to incomplete charge sheet. The CBI cannot be entirely blamed for filing

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Dewan Housing Finance Corporation Ltd.

28 Nov 2022, 12:26PM

DHFL 34,615 cr loan fraud case: Money laundered via 87 shell firms

Business Standard

The CBI in its charge sheet lodged in the Rs 34,615 crore DHFL loan fraud case has said that the accused created 87 shell companies and 2,60,000 fake borrowers to launder money

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87 shell companies, 2.6 lakh fictitious borrowers: How DHFL promoters diverted money borrowed from banks

Business Today | 28 Nov 2022, 10:47AM

Dewan Housing Finance Corporation Ltd.

16 Oct 2022

Good Bad Girl actor Samridhi Dewan: 'I'm not a habitual liar...playing one was so much fun'

Moneycontrol

The actor, who essays the role of a lawyer on the SonyLIV show, speaks about her different roles on Web shows, working with Gul Panag, and the thrill of working in short films

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Dewan Housing Finance Corporation Ltd.

15 Oct 2022

CBI files charge sheet against DHFL's ex-CMD Kapil Wadhawan, 74 others

Business Standard

The CBI has filed a charge sheet against former Dewan Housing Finance Ltd (DHFL) CMD Kapil Wadhawan and 74 others in connection with a Rs 34,000-crore bank fraud case, officials said on Saturday. In its charge sheet, filed before a Special CBI court here, the agency has also named then director Dheeraj Wadhawan and former CEO Harshil Mehta as accused in the mega-scam case, officials said. The agency had registered the case in June in DHFL bank fraud matter for allegedly defrauding a consortium of 17 banks to the tune of Rs 34,000 crore, making it the biggest banking loan fraud of the country, they said. In the charge sheet, the agency has listed 18 individuals and 57 companies through which funds were diverted, they alleged.

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