Dewan Housing Finance Corporation Ltd’s (DHFL) insolvency procedure has been intriguing over the past one year. The task to find bidders had looked challenging initially and bankers having exposure to DHFL were getting resigned to large haircuts in the beginning itself.
Lenders have already made sizable provisions against the account assuming haircuts in excess of 50%. The plight of thousands of fixed depositors also hangs in the balance.Also Read | Inside the rumble in India’s coding jungleBut now, the plot has turned in favour of financial creditors with the final clutch of suitors competing intensely with each other.
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