The beleaguered Dewan Housing Finance Corporation Ltd (DHFL) has once again defaulted on its financial repayment obligations. The non-banking financial company (NBFC) said in a regulatory filing that the default in repayments worth Rs 1,571 crore pertains to three cases with regard to interest payment on non-convertible debentures and commercial papers (CPs).

According to a break-up shared by DHFL, the company has defaulted to the tune of Rs 46.92 crore towards interest amount on secured NCDs (9.92% and 9.40%/10-year tenor); on NCDs issued through a public issue for multiple tenors of amount involving interest of Rs 363.77 crore and principal amount of Rs 1,059.91 crore. This apart, a default of Rs 100 crore occurred on commercial papers.

This is not the first time that the Mumbai-headquartered company hasn’t fulfilled its obligations towards debt repayment. In fact, there are several cases of defaults on commercial papers and bonds already. The company’s debt pile is estimated to be over Rs 90,000 crore.

Reeling under stress, the trouble of India’s NBFC began since the unfolding of the IL&FS liquidity crisis last year in September. This was mainly owing to mismanagement issues and alleged fraud by the company’s top executives.