Getting Cannot bind argument to parameter 'Path' because it is null error in powershell

My guess is that $_.Name does not exist.

If I were you, I'd bring the script into the ISE and run it line for line till you get there then take a look at the value of $_

$_ is the active object in the current pipeline. You've started a new pipeline with $FOLDLIST | ... so $_ represents the objects in that array that are passed down the pipeline. You should stash the FileInfo object from the first pipeline in a variable and then reference that variable later e.g.:

write-host $NEWN.Length
$file = $_
...
Move-Item $file.Name $DPATH