Trade Nivesh Dewan Housing Finance (DHFL), stuck in a debt crisis, wants to pay its depositors money. For this, he has sought help from SBI and Union Bank of India. Both these banks have given loans to DHFL.
DHFL has asked both these banks to lift the ban on Repayment so that it can return money to its depositors. DHFL has written to State Bank of India (SBI) and Union Bank of India (UBI) about this.
In this letter, he has said that he should help the company in paying the depositors money. It has been banned since the decision of Bombay High Court. The company says that it has enough money to repay the depositors. Trade Nivesh
On Tuesday, DHFL made a request to SBI Chairman Rajneesh Kumar and UBI MD and CEO Rajkiran Rai by writing a letter. The company has urged both of them to intervene in the case, "to assure that the deposit payment will continue as per the due dates".
In the letter, DHFL chairman Kapil Wadhawan wrote, "You are aware that the company is trying to get a stay from the court. It is trying to get a court order to pay its depositors money. Solution plan Under this, all depositors will get the investment money back. "
Wadhawan said, "The company board is worried that depositors are not getting their money." On Sunday, DHFL informed the exchanges that in the last 13 months the company has repaid its debt of Rs 44,000 crore.
DHFL said, "In a case filed by Reliance Nippon Life Insurance, the Bombay High Court issued an order on September 30 and October 10 and restrained the lenders of the company from paying the money. It also includes people investing in fixed deposits of the company. Are included."
Apart from the liquidity crisis, the government machinery on the company is also in progress. The Ministry of Company Affairs has ordered the investigating agency Serious Fraud Investigation Office (SFIO) to investigate the financial irregularities issued in DHFL.
DHFL has asked both these banks to lift the ban on Repayment so that it can return money to its depositors. DHFL has written to State Bank of India (SBI) and Union Bank of India (UBI) about this.
In this letter, he has said that he should help the company in paying the depositors money. It has been banned since the decision of Bombay High Court. The company says that it has enough money to repay the depositors. Trade Nivesh
On Tuesday, DHFL made a request to SBI Chairman Rajneesh Kumar and UBI MD and CEO Rajkiran Rai by writing a letter. The company has urged both of them to intervene in the case, "to assure that the deposit payment will continue as per the due dates".
In the letter, DHFL chairman Kapil Wadhawan wrote, "You are aware that the company is trying to get a stay from the court. It is trying to get a court order to pay its depositors money. Solution plan Under this, all depositors will get the investment money back. "
Wadhawan said, "The company board is worried that depositors are not getting their money." On Sunday, DHFL informed the exchanges that in the last 13 months the company has repaid its debt of Rs 44,000 crore.
DHFL said, "In a case filed by Reliance Nippon Life Insurance, the Bombay High Court issued an order on September 30 and October 10 and restrained the lenders of the company from paying the money. It also includes people investing in fixed deposits of the company. Are included."
Apart from the liquidity crisis, the government machinery on the company is also in progress. The Ministry of Company Affairs has ordered the investigating agency Serious Fraud Investigation Office (SFIO) to investigate the financial irregularities issued in DHFL.
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