Lenders to crisis-hit DHFL agree to sign inter-creditor agreement by July 5

Private capital firms like AION Capital, joint venture between ICICI Venture and Apollo Capital Management, and Lone Star are amongst players looking for a stake in DHFL

Lenders to Dewan Housing Finance Ltd (DHFL) will sign an inter-creditor agreement (ICA) by July 5 to begin a restructuring plan. The case will be dealt with under the Reserve Bank of India's (RBI’s) revised circular for restructuring stressed assets.

Lenders have set June 29 as the reference date for DHFL. This is the starting point for the 30-day review period in accordance with regulatory norms. After signing the ICA, lenders will consider a resolution plan given by the company, bankers said.

Bankers said on Monday their representatives had their first round of discussion. The status of accounts and tentative