DHFL is one of the largest HFCs that ran into trouble last year soon after the collapse of IL&FS
The Inter-Creditor Agreement (ICA) is in place for the resolution of the account and banks are looking at it, the senior banker said.
Yadav alleged that Yogi govt invested around Rs 2,600 crore of power employees' provident fund money in the DHFL
Akhilesh also demanded the resignation of Uttar Pradesh Chief Minister Yogi Adityanath
This clarification has come a day after Congress General Secretary Priyanka Gandhi termed the company a defaulter
Yogi govt recommends CBI probe, to cooperate with ED probe
Dewan Housing Finance Ltd came under the scanner in the wake of allegations that the company had siphoned off Rs 31,000 crore worth bank loans through layers of shell entities
All the four entities, for which data was sought by Irdai on October 9, have been downgraded by credit rating agencies recently
There is good enough reason to refer the DHFL matter to SFIO, an official said adding, the report indicates fund diversion and siphoning
The government is likely to order an SFIO probe on the financial irregularities at troubled mortgage firm DHFL soon
Troubles began last year when major shadow bank IL&FS Group unexpectedly defaulted, prompting broader shock that made it hard for many companies to refinance debt
The next hearing on the matter is expected to be held in the second week of November
Ostwal was appointed by DHFL board within days of the Cobrapost expose
The only reason the rescue is even being attempted is to delay - as long as possible - the collapse of the large shadow lender Dewan Housing Finance
Lenders are discussing liquidating or buying out the assets of DHFL in lieu of their loan dues
The PE firm is unlikely to budge on the deal until the resolution plan is finalised and implemented by the lenders, says a person aware of the development
KPMG did a forensic audit on DHFL. Its draft report has startling findings and says DHFL could have diverted funds to promoter-led entities
The forensic audit report said DHFL could not provide a robust and well-defined tracking mechanism for end-use of funds disbursed by the company
The third-largest mortgage lender had sought a Rs 15,000-crore lifeline from the lenders as they finalise the resolution plan
Essential Hospitality sold the office to a firm controlled by ex-Maharashtra CM's son-in-law