All eyes on lenders’ tough choice of DHFL suitor as bankruptcy law faces acid test

By Beena Parmar

  • 14 Jan 2021
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Credit: Reuters

This Friday will see a critical test of the four-year bankruptcy law as lenders decide between a local and a foreign suitor for India’s first financial company to be forced into insolvency. For Dewan Housing Finance Corporation Ltd (DHFL), the lenders face a difficult choice between Piramal Enterprises and US-based distressed ......

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