RBI curbs asset transfers or sale by DFL Infra

DFL Infrastructure Finance has been restricted from selling or transferring its assets as well as transacting in other business activities without prior permission from the RBI due to findings of the company’s books and accounts inspected last year. In a regulatory filing to the BSE, the company on Tuesday said that it be won’t be allowed to sell, transfer, create charge or mortgage or deal in any manner with its property and assets without prior written permission of the RBI.

‘...the RBI has, in public interest and in exercise of the powers conferred on it directed that until further orders, DFL Infrastructure Finance Ltd shall not, sell, transfer, create charge or mortgage or deal in any manner with its property and assets without prior written permission of the RBI,’ the regulator said.