After tweak in bankruptcy code: Lenders may ask RBI to refer DHFL to insolvency

The referral, which will happen after the RBI informs the government and a notification is issued, will help ease DHFL’s troubles that began in September 2018 with the credit crunch caused by the collapse of IL&FS. RBI has already informed the department of financial services about referring DHFL and two other NBFCs to the NCLT.

from Industry-Economic Times https://ift.tt/2KDYkKC