While making a request for five-day custody of Kapoor, the ED made a "verbal submission" to the court detailing the alleged financial irregularities of Yes Bank and DHFL.
On November 15, the government empowered the RBI to refer stressed non-banking finance companies and housing finance companies having assets worth at least Rs 500 crore to the insolvency court.
UPPCL has been maintaining comfortable coverages, both in debt service accounts (DSA) and DSRAs. For the NCD series one until October, average quarterly DSA cover was 1.05x and DSRA was 1.03x.
DHFL has been facing a liquidity crisis since September 2018 but has paid over Rs 41,000 crore towards discharging its financial obligations.
Among the key regulations, which will come into effect, are that the top 1,000 listed companies will be required to have at least six directors on their board against three, prescribed by the Companies Act 2013. Besides, the top 500 will also need to have at least one independent woman director.
New Delhi: Housing finance company DHFL said it has repaid commercial paper (CP) worth Rs 1,775 crore. According to DHFL...