{"id":296591,"date":"2019-10-17T11:45:13","date_gmt":"2019-10-17T06:15:13","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=296591"},"modified":"2019-10-17T11:45:13","modified_gmt":"2019-10-17T06:15:13","slug":"pfc-expects-eoi-for-ksk-mahanadi-project-in-a-months-time","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pfc-expects-eoi-for-ksk-mahanadi-project-in-a-months-time\/","title":{"rendered":"PFC expects EOI for KSK Mahanadi project in a month\u2019s time"},"content":{"rendered":"<p>Power Finance Corporation (PFC), the lead lender to the KSK Energy\u2019s Mahanadi project in Chhattisgarh, expects an early resolution to the 3,600-MW power project after the National Company Law Tribunal (NCLT) accepted its petition to resolve the case under bankruptcy proceedings on October 3.<\/p>\n<p>The project had to be taken to NCLT after PFC and other lenders failed to close a deal with Adani Group in an out-of-court settlement.<\/p>\n<p>A senior PFC official told FE, they expect the expression of interest (EOI) to be invited in a month\u2019s time after all the lenders file their claims in NCLT. A consortium of 27 lenders have time till October 17 to file their financial claims with the NCLT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Finance Corporation (PFC), the lead lender to the KSK Energy\u2019s Mahanadi project in Chhattisgarh, expects an early resolution to the 3,600-MW power project after the National Company Law Tribunal (NCLT) accepted its petition to resolve the case under bankruptcy proceedings on October 3. The project had to be taken to NCLT after PFC and other lenders failed to close a deal with Adani Group in an out-of-court settlement. A senior PFC official told FE, they expect the expression of interest (EOI) to be invited in a month\u2019s time after all the lenders file their claims in NCLT. A consortium [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-296591","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296591","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=296591"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/296591\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=296591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=296591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=296591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}