Adani Group said, \"It was pained at some bidders resorting to media to sensationalise issues with an aim to prevent value maximisation for the lenders and depositors\"

Earlier this month, Dewan Housing Finance Corporation Ltd (DHFL) had received four bids for either picking up stake in the company or buying out assets

The key findings of the report by Grant Thornton allude to hundreds of fictitious loan accounts, demand for recoveries amounting to Rs 14,046 crore, and deposits routed through an imaginary entity in Bandra

Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities

DHFL share price was stuck in lower circuit of 5% today at Rs 18.45 compared to the previous close of Rs 19.40 valuing his current holding at Rs 14.24  crore. Rakesh Jhunjhunwala held 77.20 lakh or 2.46% in the firm at Rs 249.4 per share on December 31, 2018.

Draft report of the audit has been shared with members of DHFL's committee of creditors last week and will be presented to board of the mortgage lender once it is finalised

Lenders to Dewan Housing Finance Ltd are now planning to infuse fresh funds to the tune of Rs 7,000 crore into the company to ensure that it's SMA-2 loans, where interest payment is delayed for 60-89 days, do not slip into NPA category

The 35-year-old housing finance company, Dewan Housing Finance Corporation Limited (DHFL), that finds itself in the middle of a liquidity crisis, has again defaulted on bond repayments worth Rs 8.07 crore, as per company's regulatory filing submitted yesterday after trading hours.

On June 5, both ICRA and CRISIL downgraded the commercial paper of DHFL to [ICRA] D and CRISIL D, respectively, on account of delay in servicing the scheduled debt obligation worth Rs 950 crore, on June 04, 2019

Why you should be very worried.

Default on payments has put NBFCs under scrutiny and exposed the fault lines in the commercial papers they have issued