{"id":344104,"date":"2020-03-30T10:17:31","date_gmt":"2020-03-30T04:47:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344104"},"modified":"2020-03-30T10:17:31","modified_gmt":"2020-03-30T04:47:31","slug":"lenders-disagree-over-jindal-india-thermal-debt-resolution-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lenders-disagree-over-jindal-india-thermal-debt-resolution-offer\/","title":{"rendered":"Lenders disagree over Jindal India Thermal debt resolution offer"},"content":{"rendered":"<p>NEW DELHI: Jindal India Thermal Power\u2019s debt resolution process has stalled as its 17-member lenders consortium has failed to reach a consensus on an offer from its promoters to repay Rs 2,450 crore, people aware of the matter said.<\/p>\n<p>Some lenders in the consortium refused to sign an inter-creditor agreement that would have paved the way for the firm\u2019s financial reconstruction, these people said.<\/p>\n<p>The company owes banks Rs 7,000 crore. Opposing lenders \u2014 that mainly comprise private sector banks \u2014 are demanding better financial terms and want promoters to increase their offer to match existing thermal company valuations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Jindal India Thermal Power\u2019s debt resolution process has stalled as its 17-member lenders consortium has failed to reach a consensus on an offer from its promoters to repay Rs 2,450 crore, people aware of the matter said. Some lenders in the consortium refused to sign an inter-creditor agreement that would have paved the way for the firm\u2019s financial reconstruction, these people said. The company owes banks Rs 7,000 crore. Opposing lenders \u2014 that mainly comprise private sector banks \u2014 are demanding better financial terms and want promoters to increase their offer to match existing thermal company valuations.<\/p>\n","protected":false},"author":39,"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-344104","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\/344104","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=344104"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344104\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}