RPower, subsidiary sign inter-creditor agreement with six lenders

Reliance Power, and its subsidiary Vidarbha Industries Power, have signed inter-creditor agreement (ICA) with six of their lenders for resolution of debt payments.

Under the inter-creditor agreement, Reliance Power will get a standstill of 180 days to implement the resolution plan with the lenders, failing which, they can be taken to the NCLT, according to the latest RBI Circular of June 7.