Latest Breaking News On - Cuddalore district - Page 1 : comparemela.com

The National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications by SBI against the liquidation value of IL&FS Tamil Nadu Power Company Ltd (ITPCL) provided by the debt-ridden firm s lead banker PNB. The tribunal found no error in fixing the liquidation value as of 30.09.2018, as per the RBI circular. Over 90% of lenders by value and 75% by numbers have already approved the ITPCL restructuring plan.

National company law appellate tribunalIl fs tamil nadu power company ltdNadu power company ltdInter creditor agreementRestructuring planLiquidation valueCuddalore districtState bankMaster restructuring agreementClaims managementDebt restructuringIl amp fsRbi circularThermal power plantState bank of india