MUMBAI: Lenders to Dewan Housing Finance Corp Ltd (DHFL) have decided to hold a videoconference on 12 May to discuss, among other issues, the impact of covid-19 induced disruptions on the resolution process and the company's operations, said a person aware of the development.
The lenders will also discuss updates on the resolution process and the transaction audit by Grant Thornton. This is the fifth meeting of the committee of creditors (CoC).
The person quoted above also said administrator, R. Subramaniakumar, will present an updated status of claims made by DHFL’s creditors.
A transaction audit of DHFL by Grant Thornton had indicated instances of “avoidance transactions" by the housing finance company and had informed creditors on 20