DHFL debt resolution to spill over into FY22

The lenders expecting to resolve one of India's biggest default worth Rs 90,000 cr in March quarter will have to wait longer

The acquisition of Dewan Housing Finance Corporation (DHFL) by Piramal Group is set to spill over to the next financial year with the legal process taking time, say lenders. With this, the lenders, who were expecting to resolve one of India’s biggest default worth Rs 90,000 crore in March quarter, will have to wait longer.

Earlier this month, the company filed an additional affidavit in the National Company Law Tribunal (NCLT) informing the court about additional monetary loss due to loans given by the previous management led by Kapil Wadhawan.

The company said, as per the transaction auditor report shared