Rs 4,100 cr UP PF scam: DHFL refers to HC order for stalled repayment

The company claims it had made provisions in cash flow for maturing fixed deposits

Amid the controversy on the alleged unauthorised investment of provident fund (PF) corpus of Uttar Pradesh Power Corporation (UPPCL), employees in Dewan Housing Finance Corporation (DHFL), asserted it had already made provisions in cash flows for payment of fixed deposits maturing in December 2019. However, DHFL underlined that the Bombay High Court had passed an order restraining the company from making payments to any of its secured/unsecured creditors, including fixed deposits.

DHFL, being probed by the enforcement directorate (ED) for alleged money laundering, said it was trying to work out a resolution in the interest of all stakeholders.

Last week, the UP