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flag India’s Supreme Court rules in favor of Piramal over creditors in DHFL's financial dispute.

flag The Supreme Court of India has upheld Piramal Capital & Housing Finance's resolution plan for Dewan Housing Finance Corporation (DHFL), overturning a previous ruling. flag The court decided that proceeds from fraudulent transactions will go to Piramal, not to DHFL's creditors. flag This ruling dismisses appeals by depositors and debenture holders and overturns a National Company Law Appellate Tribunal order that had asked lenders to reconsider parts of the resolution plan. flag The total value of recoveries at stake is around Rs 45,000 crore.

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