Dhfl Venture Capital Fund vs Income Tax Officer 19(3)(1 on 14 June, 2013
Author: D.Y.Chandrachud
Bench: D.Y. Chandrachud ... BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
WRIT PETITION (LODG.) NO.2966 OF 2012
DHFL Venture Capital Fund ..Petitioner.
versus
Income tax Officer 19(3)(1),
Mumbai
substantive offences against M/s. Dewan Housing Finance
Corporation Limited ("DHFL"), M/s. DOIT Urban Venture
(India) Private Limited ("DOIT ... pithily culled out as under:
(a) The investigation reveals that the DHFL, a
licensed housing fnance corporation recognized
by National Housing Bank, falling
Deewan Housing Finance Corporation Limited
[for short, 'DHFL'], through its Directors.
Accused No.2 :- Kapil Rajesh Wadhawan.
Accused No.3 :- Dheeraj Rajesh Wadhawan ... criminal conspiracy with the Applicant
Kapil, who was the Promoter Director of DHFL and others
entered into criminal conspiracy with
Kapil Wadhwan, Promoter Director of M/s.DHFL and others for
G. Lokhande & D.Ethape ... extending financial assistance to M/s. Dewan Housing Finance
Corporation Ltd ("DHFL" for short) in lieu of substantial undue
benefit to applicant
approved by the Committee of
Creditors of Dewan Housing Finance Corporation Limited
(DHFL)-(Corporate Debtor) with an overwhelming majority of
93.65% voting and thereafter ... November 16, 2021
(i) Dewan Housing Finance Corporation Limited
(DHFL), is a Non-Banking Financial Company
("NBFC") and Financial Service Provider (FSP),
regulated
registered an FIR
bearing No. RC 219 2020 E0004 dated 07.03.2020,
against DHFL, M/s DOIT Urban Ventures (India)
Limited, Rana Kapoor, the then Promoter ... Bank had connived with Kapil Wadhawan,
Promoter Director of M/s DHFL and others with
intention to extend undue financial benefit to M/s
DHFL
with Kapil Wadhwan (A2), the
then promoter of Diwan Housing Finance Ltd. (DHFL), for
extending financial assistance to DHFL by YES Bank for which
substantial ... Bank had disbursed loan worth Rs.4,733/- Crore to
DHFL. Out of the said amount of Rs.4,733/- Crore, inter alia
entered into criminal conspiracy with Kapil
Wadhwan, Promoter Director of M/s.DHFL and others for extending
financial assistance to M/s. Dewan Housing Finance ... Corporation Ltd
("DHFL" for short) in lieu of substantial undue benefit to applicant
and his family members through companies held by them. During
substantive offences against M/s. Dewan Housing Finance
Corporation Limited ("DHFL"), M/s. DOIT Urban Venture
(India) Private Limited ("DOIT ... pithily culled out as under:
(a) The investigation reveals that the DHFL, a
licensed housing fnance corporation recognized
by National Housing Bank, falling
joined services at Deewan
Housing Finance Corporation Limited (hereinafter referred as
'DHFL') at Nagpur, as Marketing Officer in insurance services ... transferred in Home Loan Department of DHFL.
The applicant was transferred at Ahmednagar as Branch Manager
on 16.06.2005. On 20.10.2005, he resigned from DHFL. Again
