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Leprosy Foundation moves plea against DHFL in Delhi HC
January 31, 2021
REUTERS×
The foundation has more than ₹10 crore, which is now stuck with DHFL and as per the proposed resolution plan, it would get back only 25% of its investments
Sasakawa-India Leprosy Foundation that has its money stuck in the fixed deposit schemes of DHFL have filed a case in the Delhi High Court. The foundation has more than ₹10 crore, which is now stuck with DHFL and as per the proposed resolution plan, it would get back only 25 percent of its investments.
The Reserve Bank of India (RBI) superseded the board of the mortgage lender in 2019, following concerns over governance, and initiated resolution under the bankruptcy laws. DHFL now owes around ₹85,000 crore in debt. In that it has about 77,000 retail fixed deposit holders, apart from 3,500 institutional fixed depositors.