DHFL depositors get no HC push in Rs 84-cr recovery, to try again on Nov 28

The UP Power Corporation Contributory Provident Fund Trust also has an intervenor application, seeking release of Rs 4,100 crore

The Air Force Group Insurance Society and the Uttar Pradesh Power Corporation’s (UPPCL’s) provident fund did not get any relief on Wednesday from the Bombay High Court on the money they had deposited with bankrupt Dewan Housing Finance (DHFL). They will have to try again at the next hearing, on November 28.

The Air Force Society has an intervention application for recovery of Rs 84 crore. Its counsel told the court DHFL had been delaying its due payments since May. 

He argued on Wednesday that the National Housing Bank Act of 1987 gave his clients a higher priority in claims over those