The National Company Law Tribunal (NCLT) has admitted Union Bank of India’s insolvency application against Kapil Wadhawan, former promoter of DHFL, for a Rs 3,958-crore default. Devendra Mehta is appointed as the resolution professional. DHFL's creditors, including FD holders, had recovered Rs 38,000 crore from Piramal Capital's acquisition in September 2021.
