Shares of Dewan Housing Finance Corporation Ltd (DHFL) were locked in the 5 per cent upper circuit band, at Rs 20 apiece, on the BSE after the insolvent housing financier received a no objection from the Reserve Bank with regards to the resolution plan of Piramal Capital & Housing Finance. In comparison, the ben chmark S&P BSE Sensex was down 1,400 points, or 2.7 per cent, at 11:19 am. On Thursday, DHFL said it has received the intimation from the RBI and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance. "Pursuant to the receipt of no objection from Reserve Bank of India as per Insolvency and Bankruptcy Rules, 2019, the administrator of Dewan Housing Finance Corporation Limited (DHFL) has filed an application for submission of resolution plan of Piramal Capital & Housing Finance Limited (PCHFL) with the adjudicating authority NCLT, Mumbai Bench," DHFL said in a regulatory filing.