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Indianomics: Is IBC the best bet for DHFL?

videos | Nov 21, 2019 8:53 PM IST

Indianomics: Is IBC the best bet for DHFL?

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A day after RBI superseded the board of debt-ridden DHFL, sources have indicated to CNBC-TV18 that the Adani Group could be a strong contender to take over the non-banking finance company.

A day after RBI superseded the board of debt-ridden DHFL, sources have indicated to CNBC-TV18 that the Adani Group could be a strong contender to take over the non-banking finance company.

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While Apollo i.e. AION and Piramal were always interested in the retail loan book of DHFL, bankers have told CNBC-TV18 that Adani is the only buyer interested in the entire piece.
Suitors apart, many questions linger on even using the IBC route to resolve NBFCs and stressed housing finance companies. Will, it riddled with legal landmines? Can operational creditors or small fixed deposit holders drag the bankers to higher courts? Can the insinuation of fraud by organisations like Cobrapost cast a shadow on the legal process under the IBC?
To discuss all this, CNBC-TV18 spoke with Srini Sriniwasan, managing director and CEO of Kotak Investment Advisors; RK Bansal, managing director of Edelweiss ARC; VG Kannan, chief executive of Indian Banks' Association and Sandeep Parekh, founder of Finsec Law Advisors.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

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