Court lets DHFL off money laundering charges, cites IBC immunity
MUMBAI: A special court in Mumbai has discharged the now-defunct Dewan Housing Finance Corp Ltd (DHFL) from a Rs 5,050 crore money laundering case, stating that the company, under new management, is entitled to immunity under the Insolvency and Bankruptcy Code (IBC). The court made it clear, however, that while DHFL as a corporate entity is discharged, individuals implicated in the case do not receive the same immunity. On February 2, Special PMLA Court Judge RB Rote determined that DHFL is entitled to statutory immunity after successfully completing its resolution process under the IBC, which offers a structured approach for…
