budget-2020
Chunav Manch 2020
  1. You Are At:
  2. English News
  3. Business News
  4. RBI sends DHFL to bankruptcy tribunal

RBI sends DHFL to bankruptcy tribunal

The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the bankruptcy tribunal, making it the first NBFC/HFC to be resolved under the insolvency and bankruptcy code.

PTI PTI
New Delhi Published on: November 29, 2019 16:33 IST
RBI sends DHFL to bankruptcy tribunal
Image Source : FILE

RBI sends DHFL to bankruptcy tribunal

The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the bankruptcy tribunal, making it the first NBFC/HFC to be resolved under the insolvency and bankruptcy code.

The central bank also said there will an interim moratorium on the lender between the date of filing of the bankruptcy application and its admission or rejection. The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.

Write a comment