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Swan Energy receives 1-yr extension from NCLT for second tranche payment to RNEL

SEL had to pay an amount of Rs 312 crore to the lenders of RNEL on December 23, however, as per the recent order, NCLT has approved extension of that paying for a period of one year i.e. December 23, 2024, along with applicable interest.

Swan Energy gets one-year extension by NCLT for second tranche lender payment

Swan Energy gets one-year extension by NCLT for second tranche lender payment
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NCLT approves Swan Energy s loan repayment to Reliance Naval by one year

Swan has set up the board with its managing Director Nikhil Merchant, Executive Director Paresh Merchant and Bhavik Merchant and Vivek Merchant, among others, as board members. Post incorporation of the board, Swan will finalise plans to put in place a top management structure to oversee operations.

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