Banks took refuge in the DHFL case

The lending banks of DHFL have filed a petition against the NCLT directive in the National Company Law Appellate Tribunal (Enclat) directing the NCLT. Banks have appealed to reject this directive altogether. The National Company Law Tribunal (NCLT) had recently asked the company's creditors committee to consider the offer made by the company's promoter Kapil Wadhawan. In the petition filed by the banks, the order of NCLT has been declared completely baseless and illegal. It has even been said that this command has been given without taking into consideration the situation and without giving any thought to it. On May 19, the Mumbai Bench of NCLT had ordered that DHFL's should be voting among all creditors on the settlement offer given by promoter Kapil Wadhawan.