new delhi the jailed promoter of crisishit mortgage lender dhfl dewan housing finance limited kapil wadhawan has offered his personal and family properties which he claims are worth rs 43000 crore for repayment of outstanding loans of lenders to the companywadhawan wrote to rbiappointed administrator r subramaniakumar on october 17 saying his offer would ensure maximum value for the assets that have been put on the block to repay loanscurrently under judicial custody wadhawan has proposed to the transfer of the right title and interest in various projects which form part of the real estate portfolio of his family to enable proper and complete resolution of dhfl and to maximise the value of the propertiesthe valuation of these projects including juhu galli project and irla project are about rs 43879 crore that to at a 15 per cent lesser market value the letter dated october 17 saidwadhawan has mentioned that after the ilfs crisis in september 2018 not only dhfl but all the nbfcs face major financial crisis and the company took various steps and repaid rs 44000 crore of liabilities by monetising dhfls assets such aadhaar housing finance ltd avanse financial dhfl pramerica asset managers and dhfl pramerica trustee ltdon june 7 2019 rbi issued a circular on prudential framework for resolution of stressed assets and the process of restructuring dhfls debt and resolution of its financial stress beganan inter creditor agreement ica was executed on july 5 2019 among the banks and some lenders the exposure of the lenders who signed the ica was rs 39000 croreeven today dhfls collection has been between rs 1000015000 crore and are available to repay the lenders wadhawan said in the ninepage letter sent from taloja jail on the outskirts of mumbai where he and brother dheeraj are currently lodgedwadhawan who is in judicial custody since april on various charges including violation of money laundering law said the erstwhile management of dhfl have made all the efforts to resolve the financial stress being faced by dhfl this letter is one more effort in continuation of our resolvelast week adani group piramal enterprises and two other entities placed bids for dhfl the first financial services player undergoing insolvency process according to sourcesthe usbased oaktree and hong kongbased sc lowy submitted bids for dhfl on october 17 the last date to submit final bids the sources saidin november the reserve bank referred dhfl the third largest pureplay mortgage lender to the national company law tribunal nclt for insolvency proceedingsaccording to a filing last month fraudulent transactions worth rs 17394 crore were reported at dhfl during 200607 to 201819 as per a report of transaction auditor grant thorntonfund diversion by the promoters of dhfl resulted in lenders classifying dhfl account as fraudanother fraudulent transactions worth rs 1270553 crore were reported by the forensic audit followed by the third one earlier this monththe third fraud worth rs 215084 crore by way of undervaluing the companys insurance subsidiary was detected by grant thornton