Tuesday, December 16, 2025 | 04:33 AM ISTहिंदी में पढें

Home / Finance / News / Cash-strapped DHFL not to make any payment to lenders, bondholders

Cash-strapped DHFL not to make any payment to lenders, bondholders

The Corporate Insolvency Resolution Process (CIRP) was initiated against the debt-ridden company as per the provisions of the Insolvency and Bankruptcy Code, 2016 with effect from December 3, 2019

premium

The non-banking finance company (NBFC) further said that it is under moratorium and dues to lenders and bond holders will remain in abeyance until the CRIP is completed.

Agencies New Delhi

1 min read Last Updated : Apr 08 2020 | 1:13 AM IST

Dewan Housing Finance Corporation (DHFL) on Tuesday said it will not make any interest or principal payment to lenders as well as bond holders as the company is under resolution process.

The Corporate Insolvency Resolution Process (CIRP) was initiated against the debt-ridden company as per the provisions of the Insolvency and Bankruptcy Code, 2016 with effect from December 3, 2019. DHFL said all the rated debt papers of the company are carrying default grade ratings and disclosures on the same have been made to the exchanges.

ALSO READ: NBFC-MFIs seek clarity from RBI on 3-month moratorium on

Topics : Non-Banking Finance Companies DHFL NCLT Insolvency and Bankruptcy Code