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DFL Infrastructure Finance receives restraining order from RBI

19 Feb 2014 Evaluate

DFL Infrastructure Finance has received a letter from Reserve Bank of India, Chennai, to not to sell, transfer, create charge or mortgage or deal in any manner with its property and assets without prior written permission of the Reserve Bank of India. The RBI has also restricted the company to declare or distribute any dividend, transact any business or incur any further liabilities.

DFL is a Non Banking Financial Company registered with RBI as Category A - Hire Purchase and Leasing Company. DFL is primarily engaged in the business of financing of tractors, construction equipments, commercial vehicles and other passenger carrying multi utility vehicles, cars, etc.

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