Bondholders take DHFL to bankruptcy court

The resolution plans of debt-laden shadow lender Dewan Housing Finance Corporation Ltd (DHFL) have hit a roadblock after the custodian of DHFL bonds said on Thursday it is taking the firm to bankruptcy court on behalf of certain debenture holders. The application was filed on Oct 16 in the Mumbai Debts Recovery Tribunal to claim 268.61 billion rupees ($3.8 billion), it said. The claim is: "for recovery of the amount of debentures outstanding, along with interest, for and on behalf of all debenture holders under all the three public issues," the custodian said. DHFL was not immediately available for comment.