Resolving DHFL: Experts discuss resolution roadmap for DHFL

The resolution of DHFL is an acid test for the Indian financial sector, including its banks, mutual funds (MFs), insurance companies, the regulators Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) and the government itself. It is the second big non-bank finance company (NBFC) to require restructuring after IL&FS. Both these companies have loan book of around Rs 1 lakh crore each. While IL&FS is with the National Company Law Tribunal (NCLT), lenders are seeking to resolve DHFL among themselves under RBI's June 7 circular. CNBC-TV18’s Ritu Singh has the key elements of the resolution plan proposed by the company. also, a panel of experts - Sandeep Parekh, former ED, SEBI and founder, Finsec Law Advisors, Mahendra Jajoo, head-fixed income at Mirae Asset Global Investments and Sunil Shrivastava, former deputy managing director of State Bank of India (SBI) -discussed how lenders need to go about the resolution.