Legal hurdles await DHFL resolution process; lenders meeting today

Lenders meeting today to press for better share in recoveries from frauds

Topics
DHFL | debt resolution

Abhijit Lele  |  Mumbai 

Piramal group emerged the preferred bidder for resolution of the troubled Dewan Housing Finance Corporation (DHFL). However, its intent to have DHFL under its wing may take time as the process is likely to meet a legal challenge from competing bidder Oaktree.

Also, depositors of DHFL will have to tap legal forums to ensure protection of their interest. This is because lenders would insist on better share in recoveries from alleged frauds at the housing finance company. DHFL, in filing with the exchange on Sunday, said the committee of creditors (CoC) of the company concluded its ...

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First Published: Mon, January 18 2021. 06:10 IST
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