Lenders to debt-ridden DHFL to meet on Monday to take call on bids

DHFL was the first finance company to be referred to the NCLT by the RBI using special powers under Section 227.

The committee of creditors (CoC) of debt-ridden DHFL is scheduled to meet on Monday to take a call on four bids, including from Adani Group and Piramal Enterprises, received as part of resolution process for the beleaguered firm, sources said.

Earlier this month, Dewan Housing Finance Corporation Ltd (DHFL) had received four bids for either picking up stake in the company or buying out assets. The four bidders are Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy.

In November, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT)