In November, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings. DHFL was the first finance company to be referred to NCLT by the RBI using special powers under section 227.
source https://economictimes.indiatimes.com/industry/banking/finance/adani-group-piramal-among-4-bidders-for-dhfl-lenders-stare-at-over-rs-60000-crore-write-off/articleshow/78735446.cms
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