{"id":432027,"date":"2021-08-25T12:16:02","date_gmt":"2021-08-25T06:46:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432027"},"modified":"2021-08-25T12:16:02","modified_gmt":"2021-08-25T06:46:02","slug":"sc-refuses-to-stay-nclat-order-that-discoms-cant-terminate-ppas-during-insolvency-process","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sc-refuses-to-stay-nclat-order-that-discoms-cant-terminate-ppas-during-insolvency-process\/","title":{"rendered":"SC refuses to stay NCLAT order that discoms can\u2019t terminate PPAs during insolvency process"},"content":{"rendered":"<p>The Supreme Court on Monday refused to stay the National Company Law Appellate Tribunal\u2019s (NCLAT\u2019s) decision that ruled that power distribution companies cannot terminate their power purchase agreement (PPA) with insolvent generating companies during the corporate insolvency resolution process (CIRP).<\/p>\n<p>A bench led by Justice LN Rao while refusing to grant any relief to electricity distribution and trading company \u2014 Gujarat Urja Vikas Nigam (GUVNL) \u2014 said it will finally decide the matter in the second week of September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Monday refused to stay the National Company Law Appellate Tribunal\u2019s (NCLAT\u2019s) decision that ruled that power distribution companies cannot terminate their power purchase agreement (PPA) with insolvent generating companies during the corporate insolvency resolution process (CIRP). A bench led by Justice LN Rao while refusing to grant any relief to electricity distribution and trading company \u2014 Gujarat Urja Vikas Nigam (GUVNL) \u2014 said it will finally decide the matter in the second week of September.<\/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-432027","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\/432027","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=432027"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432027\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}