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'IL&FS Tamil Nadu power has Rs 3,000 cr of cash and a hurdle to resolution'

Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as well as the National Company Law Appellate Tribunal (NCLAT), people familiar with the matter said. ....

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PNB reports borrowal fraud of Rs 2060 crore in NPA account of IL&FS Tamil Nadu Power Co.

Punjab National Bank, the second largest public sector bank in India, today reported a borrowal fraud of Rs 2060.14 crore in the NPA acccount of IL&FS Tamil Nadu Power Company Limited.
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