DHFL
Moneylife Digital Team 04 September 2020
The Supreme Court on Thursday stayed default bail granted to Kapil and Dheeraj Wadhawan by Bombay High Court in the Yes Bank fraud case. Kapil Wadhawan, chairman and managing director of Dewan Housing Finance Ltd (DHFL), and Dheeraj Wadhawan, are being investigated in several cases of fraud and mismanagement. The Wadhawans, alo

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Moneylife Digital Team 10 April 2020
In a shocking abuse of power, 23 people including members of the Wadhawan family, including Kapil and Dheeraj Wadhawan, who are under investigation for multi-crore fraud

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Moneylife Digital Team 28 January 2020
The Enforcement Directorate (ED) arrested Kapil Wadhawan, chairman and managing director of Dewan Housing Finance Ltd (DHFL), in connection with its probe in money laundering against underworld don Dawood Ibrahim's close aide and dead gangster Iqbal Mirchi and others.

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IANS 03 December 2019
The National Company Law Tribunal's (NCLT) Mumbai bench on Monday admitted the RBI's application for the initiation of insolvency proceedings against the cash-strapped Dewan Housing Finance Corporation Ltd (DHFL).

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Moneylife Digital Team 25 November 2019
Today the Lok Sabha was informed that the Ministry of Corporate Affairs has finished conducting an inspection of DHFL and has submitted the inspection report to the Finance Ministry.

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Moneylife Digital Team 22 November 2019
The Reserve Bank of India (RBI) on Friday constituted a three-member advisory committee to assist the administrator of Dewan Housing Finance Corporation Ltd (DHFL).

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IANS 05 November 2019
The list of victims of UP Power Corporation's tainted investment in embattled housing major DHFL is growing almost daily. In a late night decision, Aparna, Managing Director of UP Power Corporation, was removed. Senior IAS officer M. Devraj would be the new Power Secretary in the state.

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DEEPAK SHARMA (IANS) 02 November 2019
Uttar Pradesh government's alleged dealing with controversial Mumbai company, Dewan Housing Finance Corporation Limited (DHFL), has caused a stir in Lucknow

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IANS 30 October 2019
The Corporate Affairs Ministry will soon order the Serious Fraud Investigation Office (SFIO) to probe into the alleged financial irregularities at the troubled housing finance company (DHFL), an official source said on Tuesday

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A forensic audit of DHFL (Dewan Housing Finance Ltd) by KPMG, commissioned by top lenders to the non-banking finance company (NBFC) is understood to have confirmed diversion of Rs20,000 crore to private entities of the promoters through the use of ‘box companies’

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Dewan Housing Finance Ltd (DHFL) on Tuesday paid its interest dues worth Rs 961 crore on non-convertible debentures (NCDs), exactly a week after it delayed its interest payment.

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Moneylife Digital Team 08 June 2019
Over the past one year, the corporate world has been rocked by bankruptcies and huge liquidity crisis.

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Moneylife Digital Team 07 June 2019
Liquidity problems at Dewan Housing Finance Corporation Ltd (DHFL) and its reported failure this week to pay coupons highlight the funding challenges faced by India's non-banking finance sector, Fitch Ratings says

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Moneylife Digital Team 05 June 2019
Ratings agencies CRISIL and ICRA on Wednesday downgraded their ratings on Dewan Housing Finance Corp Ltd (DHFL)’s Rs850 crore commercial paper (CP) mainly due to delay in servicing of the debt by the company.

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Clinton Fernandes 05 June 2019
Debt schemes witnessed a massive shock yesterday as several schemes revealed sharp losses to their net asset values (NAVs). The worst hit was DHFL Pramerica Medium Term, which posted a loss of 52.99%! Yes, more than half of the schemes value disappeared in a single day.

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Moneylife Digital Team 05 June 2019
Dewan Housing Finance Corp Ltd (DHFL) has missed its interest payment deadline of 4 June 2019 on a set of outstanding bonds owing to fund shortage but may pay the over Rs1,000 crore over next seven days, say media reports. The non-banking finance company (NBFC) has delayed payment of interest to mutual funds and other entities.

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Abhinandan 30 May 2019
Given the life-threatening scenario I have described about Dewan Housing and Finance Ltd (DHFL) here and here, DHFL is forced to take steps to remain solvent

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Moneylife Digital Team 28 May 2019
The Ministry of Home Affairs (MHA) has issued a lookout notice against DHFL promoters in an investigation pertaining to shell companies, reports ET Now in a newsbreak.

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Moneylife Digital Team 22 May 2019
In a move that has set off an alarm among investors and regulators, Dewan Housing Finance said it would neither accept new deposits nor allow premature withdrawals after its debt instruments were downgraded.

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Abhinandan 17 May 2019
The questions to ask are: What went wrong with DHFL so dramatically? Are our regulators really up to the task of appreciating and managing the risks posed by players like DHFL and a few others?

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