{"id":410907,"date":"2021-04-16T11:41:50","date_gmt":"2021-04-16T06:11:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410907"},"modified":"2021-04-16T11:41:50","modified_gmt":"2021-04-16T06:11:50","slug":"ilfs-arm-receives-lenders-nod-to-restructure-debt-gets-rs-1200-crore-from-tn-discom","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-arm-receives-lenders-nod-to-restructure-debt-gets-rs-1200-crore-from-tn-discom\/","title":{"rendered":"IL&amp;FS arm receives lenders\u2019 nod to restructure debt, gets Rs 1200 crore from TN discom"},"content":{"rendered":"<p>ITPCL, the power arm of Infrastructure Leasing and Financial Services (IL&amp;FS) in Cuddalore, Tamil Nadu, has received the lenders\u2019 approval to restructure its debt of Rs 5,500 crore and is awaiting the NCLAT\u2019s go-ahead. The leasing firm will later put the power subsidiary up for sale.<\/p>\n<p>Nand Kishore, the whole time director on the board of IL&amp;FS, said in a quarterly update on the resolution process that they have received the RBI and creditors\u2019 approval to restructure the ITPCL loan, and have now approached the NCLAT for approval. \u201cFollowing the restructuring, ITPCL will start to service the debt and will be put on block for sale thereafter,\u201d Kishore said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ITPCL, the power arm of Infrastructure Leasing and Financial Services (IL&amp;FS) in Cuddalore, Tamil Nadu, has received the lenders\u2019 approval to restructure its debt of Rs 5,500 crore and is awaiting the NCLAT\u2019s go-ahead. The leasing firm will later put the power subsidiary up for sale. Nand Kishore, the whole time director on the board of IL&amp;FS, said in a quarterly update on the resolution process that they have received the RBI and creditors\u2019 approval to restructure the ITPCL loan, and have now approached the NCLAT for approval. \u201cFollowing the restructuring, ITPCL will start to service the debt and will [&hellip;]<\/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":[130,240,138],"tags":[],"class_list":["post-410907","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410907","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=410907"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410907\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}