Withdraw draft resolution plan of management: DHFL to stock exchanges

DHFL is now under corporate insolvency resolution process as per IBC

Dewan Housing Finance (DHFL) has informed the stock exchanges that they wish to withdraw the draft resolution plan that the erstwhile management had formulated and presented to all its institutional creditors , including banks, financial institutions, mutual funds, insurance companies and other institutional bond holders.

The draft resolution plan was as per the June 7 circular of the RBI. According to the plan, 2.3 per cent exposure to various categories of lenders — including debt from banks, bond holders, external commercial