The AMC filed the case last month under the commercial summary suit, which is in pre-admission stage. According to market sources, DHFL
is in the process of repaying its debt obligations related to commercial papers (CPs), and bringing down its outstanding CPs to zero.
The fund house’s overall exposure to DHFL
stood at Rs 44 crore, according to data from Value Research, at the end of May, before the housing financier missed its interest payment on certain debentures and its credit rating was downgraded to ‘D’ (default grade). The fall in rating led to MFs exposed to DHFL
taking 75 per cent write-off on their debt exposures, in line with the regulatory norms.