{"id":420762,"date":"2021-06-16T12:21:27","date_gmt":"2021-06-16T06:51:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420762"},"modified":"2021-06-16T12:21:27","modified_gmt":"2021-06-16T06:51:27","slug":"videocon-insolvency-creditors-to-take-96-per-cent-haircut-on-dues-nclt-says-bidder-paying-almost-nothing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/videocon-insolvency-creditors-to-take-96-per-cent-haircut-on-dues-nclt-says-bidder-paying-almost-nothing\/","title":{"rendered":"Videocon insolvency: Creditors to take 96 per cent haircut on dues; NCLT says bidder &#8216;paying almost nothing&#8217;"},"content":{"rendered":"<p>NEW DELHI: Creditors of debt-ridden Videocon Industries Ltd will be taking nearly 96 per cent haircut on their loans and the bidder is &#8220;paying almost nothing&#8221; for the company, NCLT has observed while approving Anil Agarwal&#8217;s Twin Star Technologies&#8217; Rs 2,962.02 crore-bid under the insolvency resolution process.<\/p>\n<p>Videocon Industries and its 12 group companies had a total admitted claims of Rs 64,838.63 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Creditors of debt-ridden Videocon Industries Ltd will be taking nearly 96 per cent haircut on their loans and the bidder is &#8220;paying almost nothing&#8221; for the company, NCLT has observed while approving Anil Agarwal&#8217;s Twin Star Technologies&#8217; Rs 2,962.02 crore-bid under the insolvency resolution process. Videocon Industries and its 12 group companies had a total admitted claims of Rs 64,838.63 crore.<\/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":[130,207,143],"tags":[],"class_list":["post-420762","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420762","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=420762"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420762\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}