Supreme Court upholds Piramal’s Resolution Plan For DHFL

The Supreme Court upheld Piramal's resolution plan for DHFL (Dewan Housing Finance Corporation Ltd.). This decision marks a significant step in the resolution of the financial crisis at DHFL under the Insolvency and Bankruptcy Code (IBC). The apex court's approval clears the way for the implementation of Piramal's plan, which involves the acquisition of DHFL's assets and the repayment to its creditors. This brings closure to a major insolvency case in the Indian financial sector.