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Former directors of Dewan Housing Finance Corporation Ltd filed an application with the National Corporation Law Tribunal on Wednesday to attend a creditors committee (CoC) meeting.

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of As the CoC board of directors was replaced by the Reserve of India (RBI) in November 2019, former directors were denied access to CoC meetings.

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A lawyer representing the Chief Executive said that because the bankruptcy proceedings were initiated by the Reserve of India, in CoC meetings was not allowed.

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The arbitral tribunal directed the administrator to to this by February 19. At the same time, last week, Uttar Pradesh Electric Power Company's shared provident fund trust has been handed over. Recovering arrears

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The trust fund manages the power company's provident fund, claiming that the non- lender owes it Rs 148 crore to invest in DHFL time deposits.

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In addition, a lawyer representing the trust fund told Judge Mumbai They filed a with the CoC to

The administrator is instructed to submit a response two weeks after the CoC meeting. Under new government notice on November 15, 2019, DHFL became the first financial services company to be recommended to NCLT.

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In December 2019, the NCLT accepted a petition from the Reserve of India to initiate bankruptcy proceedings against financial services companies. The arbitral tribunal also appointed RBI-appointed administrator R Subramaniakumar as the expert in the resolution of the DHFL insolvency proceedings.

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