{"id":296395,"date":"2019-10-16T11:41:21","date_gmt":"2019-10-16T06:11:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296395"},"modified":"2019-10-16T11:48:47","modified_gmt":"2019-10-16T06:18:47","slug":"banks-plan-to-recast-rs-4000-crore-cg-power-loans","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/banks-plan-to-recast-rs-4000-crore-cg-power-loans\/","title":{"rendered":"Banks plan to recast Rs 4,000 crore CG Power loans"},"content":{"rendered":"<p>MUMBAI: Banks plan to restructure Rs 4,000 crore of loans given to fraud-hit CG Power and Industrial Solutions, including an easier moratorium on repayments and standstill arrangements to pay past loans, in a bid to keep the company\u2019s operations going, three people familiar with the development said. <\/p>\n<p>The lenders are also considering whether the company needs emergency funding and have appointed SBI Capital Markets to prepare a resolution plan, one person said. <\/p>\n<p>\u201cThe focus is on getting consensus on standstill arrangements and that priority funds should be arranged,\u201d an official involved in the matter said. \u201cLenders are presently mulling ways to ensure operational continuity of the company.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Banks plan to restructure Rs 4,000 crore of loans given to fraud-hit CG Power and Industrial Solutions, including an easier moratorium on repayments and standstill arrangements to pay past loans, in a bid to keep the company\u2019s operations going, three people familiar with the development said. The lenders are also considering whether the company needs emergency funding and have appointed SBI Capital Markets to prepare a resolution plan, one person said. \u201cThe focus is on getting consensus on standstill arrangements and that priority funds should be arranged,\u201d an official involved in the matter said. \u201cLenders are presently mulling ways [&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":[130,239,136],"tags":[],"class_list":["post-296395","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\/296395","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=296395"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296395\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}