What is the future of DHFL as I have invested in their NCD's?

The company Dewan Housing is in the midst of a RBI sponsored NCLT resolution so only when all the assets are sold you will get an idea how much of the NCDs you can recover. But the markets are expecting a 60-70% haircut on all debt, starting with bank debt.

For non-bank fund raisings, the haircut would be higher and it needs to be seen how much haircut other bond holders may have to take. However, I suggest don’t be too positive about recovering on the stock.