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These companies include Wind World, RRB Energy, NEPC Micon, Pioneer Windcon, etc. among others. "There were 32 players in 2016-17, now it is down to 12. And of these, four are in NCLT," said Ajay Devaraj, secretary general, the Indian Wind Power Association (IWPA), adding that in 2017, after the government changed the wind energy bidding norms from feed-in-tariff to auction regime, the business model of these companies changed and captive generation died.

Grounded Go First's CEO Kaushik Khona has put in his papers, nearly seven months after the no-frills airline filed for insolvency proceedings.

Twelve investors, including Aditya Birla ARC, Asset Reconstruction Company India (Arcil), ASREC, Invent ARC, Omkara ARC, Phoenix ARC, UV ARC, Alchemist ARC and Prudent ARC have shown preliminary interest to acquire bad loans of IDBI Bank amounting to Rs 8,842 crore., , asset reconstruction companies, idbi bank, loans, Net NPAs (non-performing assets)

Around twelve investors, including Asset Reconstruction Company India (Arcil), Aditya Birla ARC, Invent ARC, Omkara ARC, ASREC, UV ARC, Alchemist ARC, Phoenix ARC, and Prudent ARC, have shown preliminary interest in acquiring IDBI Banks bad loans amounting to ₹8,842 crore. These distressed assets span 12 accounts, including VOVL, Jaiprakash Associates, and Wind World India.

The assets on the block are a dozen cases including loans to Videocon Oil Ventures (VOVL), Jaiprakash Associates (JAL) and Wind World, which are facing various delays in their resolution.

IDBI Bank recently reported its September quarter results, where it logged 59.8 per cent YoY rise in net profit at Rs 1,323.3 crore compared with Rs 828.1 crore in the same quarter last year.

As many as 369 big defaulters, with an outstanding of Rs100 crore and more, owe more than Rs1.39 lakh crore to scheduled commercial banks and all India financial institutes (AIFI). Gitanjali Gems Ltd, owned by fugitive businessman Mehul Choksi, remains the top wilful defaulter with an outstanding of Rs8,065 crore as of 31 March 2023, reveals a reply received under the Right to Information (RTI) Act.

The Business Research Company’s Wind Energy Market Global Market Report 2023 – Market Size, Trends, And Forecast 2023-2027

Kaushik Khona is the CEO of Go First Airlines, which is set to file for insolvency due to exceptional losses in the previous financial year, blaming a US engine-making company.

(This story has not been edited by THE WEEK and is auto-generated from a PTI