Interim Ex Parte Order in the matter of Dewan Housing Finance Corporation Limited

Last updated: 23 September 2020
Quick Summary
This document outlines the background of Dewan Housing Finance Limited (DHFL), a company involved in housing loans and listed on stock exchanges. Following allegations of financial irregularities and siphoning of public funds by its promoters, the Reserve Bank of India (RBI) superseded DHFL's board and appointed an administrator. Subsequently, the RBI initiated insolvency proceedings, leading to the admission of the case by the National Company Law Tribunal (NCLT). A transaction auditor was appointed to investigate potential fraudulent and undervalued transactions.

Court :
SEBI

Brief :
UNDER SECTIONS 11(1), 11(4) AND 11B OF THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 AND REGULATION 11 OF THE SEBI (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES) REGULATIONS, 2003 AND THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

Citation :
WTM/GM/IVD/33/2020-21

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1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

3 Months PLAN
999
(Excl. of GST ₹179)

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