DHFL becomes first financial services firm to be taken to NCLT
RBI-appointed administrator will take over DHFL’s affairs once his appointment is cleared by NCLT.Unlike the usual insolvency proceedings, a creditor or the debtor itself cannot go to the tribunal but has to be referred by a regulator
The Reserve Bank of India (RBI) on Friday referred Dewan Housing Finance Corp. Ltd (DHFL), which has a debt of 83,873 crore, to the National Company Law Tribunal (NCLT) for insolvency proceedings.
The Reserve Bank has today filed an application for
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