An advertisement board for DHFL in Mumbai. (Photographer: Anirudh Saligrama/BloombergQuint)
Lenders to the beleaguered Dewan Housing Finance Corporation Ltd. have decided to proceed with a contingency plan which involves them taking over at least a part of the company’s operations. This, after a resolution plan submitted by the company was not agreeable to lenders.DHFL, which first defaulted on its dues in June, has over Rs 85,000 crore in liabilities, of which about 40 percent are to banks.Lenders have proposed to take ove...