{"id":262814,"date":"2019-03-07T05:01:36","date_gmt":"2019-03-07T05:01:36","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262814"},"modified":"2019-03-07T05:20:35","modified_gmt":"2019-03-07T05:20:35","slug":"sc-decision-puts-banks-at-risk-of-adding-25-bn-to-power-sector-npas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sc-decision-puts-banks-at-risk-of-adding-25-bn-to-power-sector-npas\/","title":{"rendered":"SC decision puts banks at risk of adding $25 bn to power sector NPAs"},"content":{"rendered":"<p>A year after the Reserve Bank of India (RBI) tightened the screws on companies delaying debt payments, the nation\u2019s Supreme Court is poised to begin hearing arguments on whether the regulator\u2019s diktat applies across industries.<\/p>\n<p>Hanging in the balance is the fate of more than $25 billion of loans to power producers. They are among parties contesting the RBI directive that forced lenders to recognise loans as soured if dues are delayed even by a day and to approach bankruptcy courts if a restructuring isn\u2019t agreed to within 180 days. The top court in September halted proceedings against power, sugar and shipping companies after they challenged the RBI\u2019s rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A year after the Reserve Bank of India (RBI) tightened the screws on companies delaying debt payments, the nation\u2019s Supreme Court is poised to begin hearing arguments on whether the regulator\u2019s diktat applies across industries. Hanging in the balance is the fate of more than $25 billion of loans to power producers. They are among parties contesting the RBI directive that forced lenders to recognise loans as soured if dues are delayed even by a day and to approach bankruptcy courts if a restructuring isn\u2019t agreed to within 180 days. The top court in September halted proceedings against power, sugar [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-262814","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=262814"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262814\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}