Hdil: HDIL insolvency: Wadhawan asks NCLT to reconduct proceedings

Rakesh Wadhawan, former promoter of Housing Development & Infrastructure Ltd, has approached the National Company Law Tribunal to restart the company's corporate insolvency resolution process. He claims the company's assets, including intangible ones, were undervalued and seeks to submit a new resolution plan. The defunct realty firm reportedly holds significant land and Slum Rehabilitation Authority rights in Mumbai.