The lenders of three group entities have a debt burden of Rs 5,071 crore.
The scrip of the company had fallen 4.17 per cent to Rs 1,300 during the day on the BSE.
Allahabad Bank is the second state-owned lender to report a fraud by Bhushan Power and Steel Ltd (BPSL), to the RBI.
The company's market valuation also fell by Rs 625.96 crore to Rs 1,522.04 crore on the BSE.
NCLT said that alleged fraud reports will not have any impact on the insolvency resolution process and JSW's resolution plan for BPSL.
DHFL reported a loss of Rs 2,223 crore for the March quarter of 2018-19 financial year.
The scrip declined 4.17 per cent to Rs 1,300 on the BSE.
The Infosys scrip rose by 6.15 per cent to Rs 771.85 on the BSE.
Bhushan Power & Steel among the first 12 companies referred by RBI to a bankruptcy court for a debt resolution process.
Gangwal has sought Sebi's intervention into corporate governance lapses at the company.