{"id":289028,"date":"2019-08-28T05:26:43","date_gmt":"2019-08-28T05:26:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289028"},"modified":"2019-08-28T05:26:43","modified_gmt":"2019-08-28T05:26:43","slug":"ibc-wont-hurt-fuel-supply-power-pacts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ibc-wont-hurt-fuel-supply-power-pacts\/","title":{"rendered":"IBC won\u2019t hurt fuel supply, power pacts"},"content":{"rendered":"<p>In what is likely to help allay concerns of the power sector about the impact of insolvency proceedings against electricity producers, the government said the process under the Insolvency and Bankruptcy Code will not have any impact on their power purchase and fuel supply agreements. <\/p>\n<p>\u201cThere are enough NCLT (National Company Law Tribunal) rulings which say whatever supplies are essential for keeping the unit a \u2018going concern\u2019 cannot be stopped,\u201d said a senior official. Companies have to make current payments for the supply of such goods and services during insolvency, he added. He said the government was clear that both power purchase and fuel supply agreements were covered under the moratorium granted to companies undergoing insolvency proceedings. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In what is likely to help allay concerns of the power sector about the impact of insolvency proceedings against electricity producers, the government said the process under the Insolvency and Bankruptcy Code will not have any impact on their power purchase and fuel supply agreements. \u201cThere are enough NCLT (National Company Law Tribunal) rulings which say whatever supplies are essential for keeping the unit a \u2018going concern\u2019 cannot be stopped,\u201d said a senior official. Companies have to make current payments for the supply of such goods and services during insolvency, he added. He said the government was clear that both [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-289028","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289028","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289028"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289028\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}