{"id":338645,"date":"2020-02-22T11:19:41","date_gmt":"2020-02-22T05:49:41","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338645"},"modified":"2020-02-22T11:48:45","modified_gmt":"2020-02-22T06:18:45","slug":"nclt-directs-royal-partners-to-pay-rs-420-crore-to-lenders-of-epc-constructions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-directs-royal-partners-to-pay-rs-420-crore-to-lenders-of-epc-constructions\/","title":{"rendered":"NCLT directs Royal Partners to pay Rs 420 crore to lenders of EPC Constructions"},"content":{"rendered":"<p>MUMBAI: The dedicated bankruptcy court has directed Mauritius-based Royale Partners Investment Fund to pay Rs 420 crore to the lenders of the EPC Constructions India (formerly Essar Projects) and has also directed to issue the non-convertible debentures of Rs 480 crore as per the resolution plan approved by the lenders. <\/p>\n<p>The Mumbai bench of the National Company Law Tribunal (NCLT) had directed on February 18 the successful bidder of EPC Constructions to pay the amount within a week of the passing of such order. <\/p>\n<p>\u201cPayment of the upfront amount of Rs.420 crore which has already become due consequent to 30 business days getting over from the date of approval of the Resolution Plan by NCLT,\u201d said the tribunal led by the judicial member Suchitra Kanuparthi and a technical member Chandra Bhan Singh.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: The dedicated bankruptcy court has directed Mauritius-based Royale Partners Investment Fund to pay Rs 420 crore to the lenders of the EPC Constructions India (formerly Essar Projects) and has also directed to issue the non-convertible debentures of Rs 480 crore as per the resolution plan approved by the lenders. The Mumbai bench of the National Company Law Tribunal (NCLT) had directed on February 18 the successful bidder of EPC Constructions to pay the amount within a week of the passing of such order. \u201cPayment of the upfront amount of Rs.420 crore which has already become due consequent to 30 [&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":[130,193,136],"tags":[],"class_list":["post-338645","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338645","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=338645"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338645\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}