{"id":285297,"date":"2019-07-31T05:51:02","date_gmt":"2019-07-31T05:51:02","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=285297"},"modified":"2019-07-31T05:51:02","modified_gmt":"2019-07-31T05:51:02","slug":"nclt-approves-nhpcs-bid-for-lanco-teesta-hydro-power-ltd","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-approves-nhpcs-bid-for-lanco-teesta-hydro-power-ltd\/","title":{"rendered":"NCLT approves NHPC\u2019s bid for Lanco Teesta Hydro Power Ltd"},"content":{"rendered":"<p>National Company Law Tribunal (NCLT), Hyderabad bench on July 26, 2019 approved State run hydropower major NHPC\u2019s bid for the debt-ridden Lanco Teesta Hydro Power Ltd (LTHPL) for an amount of Rs 897.50 Crores under Corporate Insolvency Resolution Process. NHPC Limited is a mini-ratna company under Ministry of Power and this is the first time that a state run company has bagged a project under IBC. The Original bid of Rs 907 crore was initially approved by the Committee of Creditors (CoC) of Lanco Teesta Hydro Power with 100% vote and the present bid amount of Rs 897.50 crores takes into consideration the theft occurring at site was approved by 97.34% vote.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Company Law Tribunal (NCLT), Hyderabad bench on July 26, 2019 approved State run hydropower major NHPC\u2019s bid for the debt-ridden Lanco Teesta Hydro Power Ltd (LTHPL) for an amount of Rs 897.50 Crores under Corporate Insolvency Resolution Process. NHPC Limited is a mini-ratna company under Ministry of Power and this is the first time that a state run company has bagged a project under IBC. The Original bid of Rs 907 crore was initially approved by the Committee of Creditors (CoC) of Lanco Teesta Hydro Power with 100% vote and the present bid amount of Rs 897.50 crores takes [&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":[130,244,144],"tags":[],"class_list":["post-285297","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285297","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=285297"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285297\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=285297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=285297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=285297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}