+
63 Moons' plea: NCLAT issues notice to DHFL, Piramal, and CoC
Real Estate

63 Moons' plea: NCLAT issues notice to DHFL, Piramal, and CoC

The National Company Law Appellate Tribunal (NCLAT) has issued notices to the administrator of DHFL and Piramal Capital and Housing Finance Ltd, the committee of creditors (CoC), on a petition by 63 Moons Technologies against the Dewan Housing Finance Ltd (DHFL) resolution plan accepted by National Company Law Tribunal.

The NCLAT agreed to hear the petition by 63 Moons Technologies against the NCLT's approval for Piramal's resolution plan.

Seeking interim protection from NCLAT, in its petition, 63 moons informed that the resolution plan fulfilment is subject to the NCLAT nod.

However, the NCLAT rejected the resolution plan allowed by NCLT last month.

It should be observed that 63 Moons Technologies, which owns over Rs 200 crore of non-convertible debentures (NCDs) of DHFL, has displayed the current resolution plan as disappointing for NCD holders.

The Mumbai bench of NCLT has allowed the Piramal Group's resolution plan for DHFL subject to the appeal's outcome in the NCLAT and the Supreme Court.

Image Source


Also read: RBI bars DHFL from taking deposits under Piramal management

Also read: DHFL resolution: NCLT asks lenders to consider Kapil Wadhawan’s offer

The National Company Law Appellate Tribunal (NCLAT) has issued notices to the administrator of DHFL and Piramal Capital and Housing Finance Ltd, the committee of creditors (CoC), on a petition by 63 Moons Technologies against the Dewan Housing Finance Ltd (DHFL) resolution plan accepted by National Company Law Tribunal. The NCLAT agreed to hear the petition by 63 Moons Technologies against the NCLT's approval for Piramal's resolution plan. Seeking interim protection from NCLAT, in its petition, 63 moons informed that the resolution plan fulfilment is subject to the NCLAT nod. However, the NCLAT rejected the resolution plan allowed by NCLT last month. It should be observed that 63 Moons Technologies, which owns over Rs 200 crore of non-convertible debentures (NCDs) of DHFL, has displayed the current resolution plan as disappointing for NCD holders. The Mumbai bench of NCLT has allowed the Piramal Group's resolution plan for DHFL subject to the appeal's outcome in the NCLAT and the Supreme Court. Image Source Also read: RBI bars DHFL from taking deposits under Piramal management Also read: DHFL resolution: NCLT asks lenders to consider Kapil Wadhawan’s offer

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?