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ITPCL debt restructuring: NCLAT rejects SBI objection on liquidation value provided by PNB

Appellate tribunal NCLAT has rejected SBI’s pleas opposing the liquidation value of ITPCL  provided by the debt-ridden firm’s lead banker PNB and said the country’s largest lender cannot “wriggle out” the debt  restructuring process of the IL&FS group’s thermal power

India , National-company-law-appellate-tribunal , Il-fs-tamil-nadu-power-company-ltd , Nadu-power-company-ltd , Inter-creditor-agreement , Restructuring-plan , Liquidation-value , Cuddalore-district , State-bank , Master-restructuring-agreement ,

debt restructuring: ITPCL debt restructuring: NCLAT rejects SBI's objection on liquidation value provided by PNB

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.

India , National-company-law-appellate-tribunal , Il-fs-tamil-nadu-power-company-ltd , Nadu-power-company-ltd , Inter-creditor-agreement , Restructuring-plan , Liquidation-value , Cuddalore-district , State-bank , Master-restructuring-agreement , Claims-management

The Complete Supreme Court Annual Digest- 2023 [Part-X]

Environment Environment and Wildlife Protection - Supreme Court extends the jurisdiction of a committee constituted by the Tripura High Court to oversee transfer of wild animals pan-India- Court...

India , Tamil-nadu , State-of-west-bengal , West-bengal , State-of-karnataka , Karnataka , Bihar , State-of-chhattisgarh , Chhattisgarh , State-of-tamil-nadu , Haryana , State-of-uttarakhand

Supreme Court Annual Digest 2023 - Civil Minor Acts

Administrative Tribunals Act, 1985Administrative Tribunals Act 1985 - The relevant State Government has the implied power to issue a request to abolish the SAT in its state to the Union Government....

Rajasthan , India , Delhi , Amudalavalasa , Andhra-pradesh , State-of-orissa , Orissa , Chhattisgarh , State-of-kerala , Kerala , Union-territory-of-lakshadweep , Lakshadweep

IL&FS Tamil Nadu Power Company Ltd. raises concern over delayed payments from Tangedco

IL&FS Tamil Nadu Power Company Ltd. raises concern over delayed payments from Tangedco
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

Tamil-nadu , India , Ministry-of-power , Il-fs-tamil-nadu-power-company-ltd , Union-ministry , Union-ministry-of-power , Southern-regional-power-committee , Central-electricity-authority , Distribution-corporation-tangedco , Union-power-ministry , Power-ministry

Supreme Court Complete Half Yearly Digest 2023

AAccess to JusticeFundamental right of Access to Justice - Abolition of OAT does not violate right of access to justice as cases will be heard by High Court - The fundamental right of access to...

Narsi , Maharashtra , India , Chennai , Tamil-nadu , State-of-west-bengal , West-bengal , Cuttack , Orissa , Himachal-pradesh , Indore , Madhya-pradesh

Supreme Court Half Yearly Digest 2023 – Civil Minor Acts

Administrative Tribunals Act, 1985Administrative Tribunals Act 1985 - The relevant State Government has the implied power to issue a request to abolish the SAT in its state to the Union Government....

India , Chennai , Tamil-nadu , Bombay , Maharashtra , Bihar , Narsi , Madras , Sabarmati , Gujarat , State-of-kerala , Kerala

Supreme Court Half Yearly Digest 2023 - Environmental Laws

Aarey Case - The Supreme Court imposes Rs. 10 lakh fine on Mumbai Metro Rail Corporation Ltd (MMRCL) for seeking to cut more trees than allowed; but allows it to cut 177 trees. In Re: Felling of Trees...

India , Delhi , Chennai , Tamil-nadu , State-of-orissa , Orissa , State-of-karnataka , Karnataka , State-of-kerala , Kerala , Tripura , State-of-west-bengal

IL&FS Tamil Nadu Power Company Ltd. raises concern over benchmark rate fixed for imported coal based power plant

IL&FS Tamil Nadu Power Company Ltd. raises concern over benchmark rate fixed for imported coal based power plant
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

Tamil-nadu , India , Distribution-corporation-tangedco , Southern-regional-power-committee , Power-ministry , Union-ministry-of-power , Il-fs-tamil-nadu-power-company-ltd , Ministry-of-power , Nadu-power-company , Tamil-nadu-generation , Distribution-corporation

IL&FS repays Rs 35,650 crore of its Rs 99,000 crore dues till September

This amount is part of the Rs 57,000 crore debt addressed by the group so far out of the total debt of over Rs 99,000 crore as of October 2018.

India , Punjab-national-bank , Il-fs-tamil-nadu-power-company-ltd , Il-fs-financial-services , Il-fs-ltd , Union-bank , Il-fs-transportation-networks , Nadu-power-company-ltd , Il-amp-fs , Nfrastructure-leasing-amp-financial-services , L-amp-fs-repays-rs-35