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Dewan Housing Finance Corporation Ltd on Sunday said the resolution plan submitted by Piramal Capital and Housing Finance Limited has been approved by the Committee of Creditors by majority voting.
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Debt resolution proposal got 94% of lenders’ votes“....this is to inform you that the e-voting on resolutions pursuant to the 18th meeting of the Committee of Creditors of the Company (CoC) concluded on January 15, 2021 at 8 pm IST and the resolution plan submitted by Piramal Capital and Housing Finance Limited (under Option I in terms of the RFRP dated September 16, 2020) was duly approved by CoC by majority voting under section 30(4) of the Insolvency & Bankruptcy Code read with Reg. 39(3) of CIRP Regulations, as the successful resolution plan,” DHFL said in a regulatory filing.
According to sources, Piramal garnered 94 per cent of the votes while Oaktree Capital received 45 per cent of votes.
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