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Published: Dec 29, 2021
Updated: Dec 29, 2021
Shareholders of the bankrupt DHFL are an angry lot. After the Piramal acquisition plan left nothing for them on the table, one of the shareholders has moved the Bombay High Court seeking compensation.
As per the Insolvency and Bankruptcy code of 2016, shareholders of a listed company alongwith former promoters do not get any upside when the lenders hand over the company to the highest bidder.
In the past, several small shareholders have moved the courts but nothing concrete came out of it. The laws are very clear and unless the new owner leaves something for the small shareholders on the table, they do not have any other recourse. In this background, the hearing in the DHFL case, scheduled in April end, will be interesting to watch.
February 15, 2025 - First Issue
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February 01-15, 2025
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