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

07 Jul 2021 CW Team

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

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..