{"id":324202,"date":"2020-01-27T12:51:31","date_gmt":"2020-01-27T07:21:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=324202"},"modified":"2020-01-27T12:51:31","modified_gmt":"2020-01-27T07:21:31","slug":"jaiprakash-power-ventures-says-to-report-profit-in-fy21-company-out-of-nclt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jaiprakash-power-ventures-says-to-report-profit-in-fy21-company-out-of-nclt\/","title":{"rendered":"Jaiprakash Power Ventures says to report profit in FY21, company out of NCLT"},"content":{"rendered":"<p>New Delhi: Jaiprakash Power Ventures Ltd will be able to report a net profit in fiscal 2021 following a restructuring of its debt which will help significantly bring down its interest burden.<\/p>\n<p>Lenders to Jaiprakash Power Ventures, led by ICICI Bank, have restructured the bulk of the company\u2019s debt into equity or convertible instruments.<\/p>\n<p>Following the debt recast, the lenders have also withdrawn their plea for initiating insolvency proceedings against the company from the National Company Law Tribunal, Ahmedabad bench, Jaiprakash Power Ventures said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Jaiprakash Power Ventures Ltd will be able to report a net profit in fiscal 2021 following a restructuring of its debt which will help significantly bring down its interest burden. Lenders to Jaiprakash Power Ventures, led by ICICI Bank, have restructured the bulk of the company\u2019s debt into equity or convertible instruments. Following the debt recast, the lenders have also withdrawn their plea for initiating insolvency proceedings against the company from the National Company Law Tribunal, Ahmedabad bench, Jaiprakash Power Ventures said in a statement.<\/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":[139,130,237],"tags":[],"class_list":["post-324202","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324202","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=324202"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324202\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=324202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=324202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=324202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}