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DHFL default cases land in Supreme Court as fixed-deposit holder files plea

A special leave petition in the SC was filed on Monday and it is expected to be listed in the next few weeks

Dev Chatterjee  |  Mumbai 

The default by the housing finance company, Dewan Housing Finance Corporation (DHFL), to a slew of investors has landed in the Supreme Court (SC), with a fixed deposit holder moving the apex court seeking dues. A special leave petition in the SC was filed on Monday and it is expected to be listed in the next few weeks, said a source close to the development.

The HFC owes close to Rs 15,000 crore to fixed deposit holders and another Rs 38,000 crore to banks. The total debt of DHFL is estimated at a whopping Rs 88,000 crore, including mutual funds and bondholders. DHFL is already ...

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First Published: Tue, November 19 2019. 21:34 IST
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