Mumbai Court Discharges DHFL in Money Laundering Case, Grants Immunity Under IBC

A special court in Mumbai has discharged Dewan Housing Finance Corporation Ltd (DHFL) from a Rs 5,050 crore money laundering case, granting the company statutory immunity under the Insolvency and Bankruptcy Code (IBC) following its resolution and change in management. The court clarified that this immunity applies only to the corporate entity and not to former promoters or officers allegedly involved in prior offences. Key accused include former DHFL promoters Kapil and Dheeraj Wadhawan and Yes Bank co-founder Rana Kapoor, who remain subject to prosecution.