‘Test case’ shemozzle means Adani still in the race for bankrupt finance company

/ Adani Group, Ajay Piramal, Bankruptcy, bidding process, creditors committee, DHFL, finance company, Gautam Adani, housing finance, Insolvency, Isha Ambani, Mukesh Ambani, Narendra Modi, National Company Law Tribunal, Oaktree Capital, Piramal Group, Reliance Group, Resolution Plan, test case

In a rare instance of not getting its way, the Adani Group failed earlier this year to acquire the assets of the scandal-tainted finance company, DHFL. However, with messy legal disputes potentially de-railing the outcome of the bankruptcy process, there is a chance that a fresh round of bidding may yet take place. This would put Adani back in the race for DHFL’s assets.

Published by: Adani Watch
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