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DHFL committee of creditors vote against proposal to raise payouts

DHFL committee of creditors vote against proposal to raise payouts If the proposal was accepted, the recovery for fixed deposit holders would have gone up to around 41 per cent from 23 per cent of their total claim earlier The committee of creditors (CoC) of Dewan Housing Finance Ltd (DHFL) has voted against a proposal to raise payouts made to fixed deposit holders and non-convertible debenture (NCDs) investors. If the proposal was accepted, the recovery for fixed deposit holders would have gone up to around 41 per cent from 23 per cent of their total claim earlier. The CoC voted on the proposal after the National Company Law Tribunal suggested it on June 7 when it approved the Piramal group’s resolution plan for the housing finance company.

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