Business Standard

Banks may miss September 25 deadline to approve DHFL resolution plan

Lenders ask firm to settle dues towards commercial papers and meet bank interest accrued till July 5

DHFL
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DHFL had last honoured its interest obligation to banks on June 4

Hamsini Karthik Mumbai
As finer details of the resolution plan presented by beleaguered Dewan Housing Finance Corporation (DHFL) are being deliberated on by the consortium of banks, lenders might take more time to approve it, said sources.

“There are various aspects to the resolution plan, starting from the price at which debt can be converted into equity, to what should be the additional loan facility that banks can extend to DHFL and the period of moratorium. These are currently being discussed,” said a person aware of the development.

“It is possible that the September 25 deadline to approve the resolution plan could be breached,” he

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