News From Press IDBI Mutual Fund moves Bombay High Court against cash-strapped DHFL

IDBI Mutual Fund moves Bombay High Court against cash-strapped DHFL

Source: Business Standard Sep 6, 2019

IDBI Asset Management Company (AMC) has moved Bombay High Court against Dewan Housing Finance Corporation (DHFL).

The AMC filed the case last month under the commercial summary suit, which is in pre-admission stage. According to market sources, DHFL is in the process of repaying its debt obligations related to commercial papers (CPs), and bringing down its outstanding CPs to zero.

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