63 Moons has filed a writ petition before the Madras High Court
seeking attachment of assets belonging to DHFL, Wadhawan said in the letter
Jailed erstwhile
promoter of crisis-hit DHFL Kapil Wadhawan has written to the Reserve Bank and
Sebi alleging that 63 Moons Technologies is hampering the company's insolvency
resolution process
While lenders are
looking to auction DHFL
assets to recover Rs 83,000 crore of unpaid loans, Jignesh Shah-founded 63 Moons
Technologies has filed a writ petition in the Madras High Court seeking
attachment of DHFL assets to recover its dues of Rs 200 crore.
In a letter to RBI
Governor Shaktikanta Das and Sebi
Chairman Ajay Tyagi, with copies marked to the Prime Minister's Office, Wadhwan
has alleged that 63 Moons is seeking to give precedence to the recovery of its
dues over the Rs 80,000 crore of outstanding that other creditors would get to
settle in the insolvency process.
When reached for
comments, a 63 Moons spokesperson, in a statement, expressed surprise at
Wadhawan being able to write the letter from Taloja Prison (New Mumbai) and
said, while it would not like to comment on the contents of the letter, the
company was "committed to recovering its money".
While the
spokesperon did not state what its outstanding due from DHFL is, Wadhawan, in
the letter, stated that 63 Moons had invested Rs 200 crore in non-convertible
debentures of DHFL during a public issue in 2016 and these are redeemable from
2023 onwards.
"I am
constrained to address this letter to draw your attention to the unfortunate
and destructive actions taken by 63 Moons Technologies which are likely to
disrupt the entire resolution process of DHFL which is presently
undergoing," Wadhawan said in his letter, a copy of which has been
reviewed by PTI.
63 Moons has filed
a writ petition before the Madras High Court seeking attachment of assets
belonging to DHFL, Wadhawan said in the letter.
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