{"id":300864,"date":"2019-11-14T11:41:21","date_gmt":"2019-11-14T06:11:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300864"},"modified":"2019-11-14T11:58:06","modified_gmt":"2019-11-14T06:28:06","slug":"cg-powers-foreign-subsidiaries-face-financial-crunch-legal-issues","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cg-powers-foreign-subsidiaries-face-financial-crunch-legal-issues\/","title":{"rendered":"CG Power\u2019s foreign subsidiaries face financial crunch, legal issues"},"content":{"rendered":"<p>Foreign subsidiaries of CG Power Industrial Solutions are facing a severe paucity of funds in addition to legal issues. <\/p>\n<p>CG Electric Systems Hungary Zrt. (&#8216;ESHU&#8217;) has received a notice of a proceeding filed for alleged non-performance of a GIS substation contract entered into in 2012. This notice was sent through one of its associates in Kuwait, Al Kharafi National company, which has claimed\u20b9224 crore worth damages, sources CG Power said in a filing. <\/p>\n<p>It is examining the extent of damage due to this non performance and said that it will contest the claim.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreign subsidiaries of CG Power Industrial Solutions are facing a severe paucity of funds in addition to legal issues. CG Electric Systems Hungary Zrt. (&#8216;ESHU&#8217;) has received a notice of a proceeding filed for alleged non-performance of a GIS substation contract entered into in 2012. This notice was sent through one of its associates in Kuwait, Al Kharafi National company, which has claimed\u20b9224 crore worth damages, sources CG Power said in a filing. It is examining the extent of damage due to this non performance and said that it will contest the claim.<\/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],"tags":[],"class_list":["post-300864","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300864","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=300864"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300864\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}