{"id":379951,"date":"2020-10-22T11:19:42","date_gmt":"2020-10-22T05:49:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379951"},"modified":"2020-10-22T12:03:29","modified_gmt":"2020-10-22T06:33:29","slug":"nclat-discoms-cant-cancel-ppa-amid-corporate-insolvency-process","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclat-discoms-cant-cancel-ppa-amid-corporate-insolvency-process\/","title":{"rendered":"NCLAT: Discoms can\u2019t cancel PPA amid corporate insolvency process"},"content":{"rendered":"<p>In a ruling that is likely to come as a breather for power companies undergoing liquidation or insolvency under the Insolvency and Bankruptcy Code (IBC), the National Company Law Appellate Tribunal (NCLAT) has said that power distribution companies or discoms can not terminate, during the corporate insolvency resolution process (CIRP), the power purchase agreements (PPA) they had signed with power generation companies<\/p>\n<p>Upholding an order passed by the Hyderabad bench of the National Company Law Tribunal (NCLT), the NCLAT agreed that the proposition that a power plant and its PPA \u201cform one integrated economic asset\u201d appeared to a rational one, and therefore the value of this asset must be protected by the moratorium rules under IBC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a ruling that is likely to come as a breather for power companies undergoing liquidation or insolvency under the Insolvency and Bankruptcy Code (IBC), the National Company Law Appellate Tribunal (NCLAT) has said that power distribution companies or discoms can not terminate, during the corporate insolvency resolution process (CIRP), the power purchase agreements (PPA) they had signed with power generation companies Upholding an order passed by the Hyderabad bench of the National Company Law Tribunal (NCLT), the NCLAT agreed that the proposition that a power plant and its PPA \u201cform one integrated economic asset\u201d appeared to a rational one, [&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-379951","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379951","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=379951"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379951\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}