[Resolved]  Dewan Housing Finance Corporation [DHFL] — resolution plan proposed by dhfl

Address:

Himalaya house, K. G. Marg, new delhi-110001, New Delhi, Delhi

Sir,
I have deposited our family hard money in FDR with DHFL due to the prime feature of liquidity of FDR. However when I reached the company for pre-maturity of such FDRs for my family needs, they refused to honour my request due to its internal decision. The internal decision is said to be intimated to national housing board.

From news it is learnt that DHFL is facing liquidity crunch and proposed some resolution plan. In plan, it is said to segrecate retail investor/depositors. depositor upto Rs. 10 lakhs shall be paid as it is. But in case of depositors above 10 lakhs shall be at par with other creditors/lenders and interest may not be given. we are shocked to learn this as my family deposit is more than 10 lakhs. we have desposited the money in FDR with the company after selling family asset to earn income. It is our hard money. our interest should be protected. such resolution plan to the extend it is adversely affecting the interest of retail depositors should be approved.

It is my humble request that interest of retail depositors should be safeguarded and such resolution plan to the extend it is adversely affecting the interest of retail depositors should be approved.

Regards

Rajiv Jain
[protected]
[protected]