The RBI-appointed administrator of Dewan Housing Finance Corporation Limited (NSEI:DHFL) has sought revised offers for the third time within the existing asset categories that Oaktree Capital Management, L.P., Adani Capital , Piramal Enterprises Limited (BSE:500302) (Piramal Group) and SC Lowy bid for earlier. The move suggests the administrator will not accept an offbeat offer that can trigger a legal battle and delay the resolution process, people with knowledge of the matter told ET, which has seen a copy of the letter. A final decision hasn't been taken.

Final bids will have to be submitted by 10am November 18, 2020.