The forensic audit was initiated by DHFL’s lenders in February, said a senior banker involved in the resolution process. If the findings of the forensic audit are proven true, banks may push for a change in management. A spokesperson for DHFL did not reply to an email seeking comments on the forensic audit. Then the banks appointed a steering committee of seven banks to take the final resolution plan to all lenders for consent and execution. The company is committed towards working with their lenders on the debt resolution plan," he added.

Source: Mint October 21, 2019 18:00 UTC