Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 1067)

2019-12-02 Economy

1067.

Which has become first financial services player to go NCLT for a possible debt resolution?

CRISIL

Dewan Housing Finance Corp. Ltd

Muthoot Finance Ltd.

Ashok Leyland

Answer: Option

Explanation:

The Reserve Bank of India (RBI) has referred Dewan Housing Finance Corp. Ltd (DHFL) to the National Company Law Tribunal (NCLT) for insolvency proceedings, making it the first financial services player to go NCLT for a possible debt resolution. DHFL has a debt of Rrs.83,873 crore.