RBI-appointed CoC for DHFL’s total expenditure: An RTI to the RBI

 RBI-appointed CoC for DHFL’s total expenditure: An RTI to the RBI


RBI-appointed CoC for DHFL’s total expenditure: An RTI to the RBI

Posted on 22nd August, 2024 (GMT 09:00 hrs)

ABSTRACT

The article discusses an RTI filed to the Reserve Bank of India (RBI) seeking details on the total expenditure of the RBI-appointed Committee of Creditors (CoC) for Dewan Housing Finance Corporation Limited (DHFL). The RTI also asked about funds allocated for litigation and their sources. The response from RBI was vague, stating that the information had been forwarded for a consolidated reply, but no further details have been provided, raising concerns about transparency and accountability.

For more details, you can view the full article here.

We filed an RTI application to the Reserve Bank of India (RBI) on 22/06/2024 with the following questions:

Kindly inform me regarding the total expenditure (with break up) in the RBI-appointed Committee of Creditors for the Dewan Housing Finance Corporation Limited (DHFL).
With reference to the above, please also inform me with regards to the following:
1. The amount of money reserved for the resolution professionals belonging to the CoC for DHFL for the purpose of future expenditure in litigation purposes.
2. What is the source of this money for future expenditure in the court of law?
Please answer in precise and specific terms, satisfying the aforementioned queries. Please do not refer to any online documents since I am not a tech-savvy person.

RBI RTIDownload


rbi rti 2Download

On 18/07/2024, we received the following one-line reply from the authority:

Information provided to Nodal Department for providing a consolidated reply to the applicant\.


RTI STATUS RBIDownload


Till today, no such “consolidated reply” has been given to us even after more than 2 months after filing the initial application. What is taking so long? What is stopping the concerned authority from presenting these facts/information? Are not these information easily accessible and reportable?

This is why in an earlier post, we announced:


https://onceinabluemoon2021.in/2023/05/26/rti-deceased-the-state-of-democratic-unfreedom/


This is also the reason why we demanded the expulsion of Mr. Shaktikanta Das as the incompetent RBI-governor:


https://x.com/akhar_akhar/status/1392765007075573760



We had filed many RTIs previously:

https://onceinabluemoon2021.in/2024/02/13/rtis-filed-by-once-in-a-blue-moon-academia-obma/


The answer(s) my friend, are blowing in the wind…

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