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Home News RHC Holding NCLAT rejects HDFC plea for insolvency proceedings against RHC Holding

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NCLAT rejects HDFC plea for insolvency proceedings against RHC Holding

NCLAT rejects HDFC plea for insolvency proceedings against RHC Holding

Thursday, July 11, 2019, 8:41 AM

The National Company Law Appellate Tribunal (NCLAT) Wednesday dismissed a petition by HDFC to initiate insolvency proceedings against RHC Holding, an entity promoted by billionaire brothers Malvinder Mohan Singh and Shivinder Mohan Singh. A two-member bench headed by Chairman Justice S J Mukhopadhaya upheld the order of the principal bench of the National Company Law Tribunal (NCLT) which had rejected HDFC's plea.
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