{"id":354654,"date":"2020-06-01T10:38:23","date_gmt":"2020-06-01T05:08:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=354654"},"modified":"2020-06-01T10:54:32","modified_gmt":"2020-06-01T05:24:32","slug":"dues-from-discoms-land-easun-reyrolle-in-nclt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/dues-from-discoms-land-easun-reyrolle-in-nclt\/","title":{"rendered":"Dues from discoms land Easun Reyrolle in NCLT"},"content":{"rendered":"<p>Power transmission components manufacturer, Easun Reyrolle, has wound up in the insolvency courts.<\/p>\n<p>Following the expiry of the deadline for submitting bids against a public notice calling for bids, the Resolution Professional, Benegal Parameshwara Udpa, will call for a meeting of the Committee of Creditors to take the issue further.<\/p>\n<p>State Bank of India claims Easun Reyrolle owes it Rs 205 crore; Canara Bank claims another Rs 59.31 crore. While these two banks have proceeded against the company at the National Company Law Tribunal (NCLT), it is understood that a few other banks are owed moneys. <\/p>\n<p>For the year 2018-19, the last year for which full-year financial results have been announced, the company achieved a turnover of Rs 88 crore (consolidated) and a reported a net loss of Rs 10 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power transmission components manufacturer, Easun Reyrolle, has wound up in the insolvency courts. Following the expiry of the deadline for submitting bids against a public notice calling for bids, the Resolution Professional, Benegal Parameshwara Udpa, will call for a meeting of the Committee of Creditors to take the issue further. State Bank of India claims Easun Reyrolle owes it Rs 205 crore; Canara Bank claims another Rs 59.31 crore. While these two banks have proceeded against the company at the National Company Law Tribunal (NCLT), it is understood that a few other banks are owed moneys. For the year 2018-19, [&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],"tags":[],"class_list":["post-354654","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354654","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=354654"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354654\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=354654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=354654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=354654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}