{"id":450073,"date":"2021-11-16T10:20:16","date_gmt":"2021-11-16T04:50:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450073"},"modified":"2021-11-16T13:06:27","modified_gmt":"2021-11-16T07:36:27","slug":"insolvency-proceedings-can-be-initiated-against-state-owned-discoms-power-ministry","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/insolvency-proceedings-can-be-initiated-against-state-owned-discoms-power-ministry\/","title":{"rendered":"Insolvency proceedings can be initiated against state-owned discoms: Power Ministry"},"content":{"rendered":"<p>Ministry of Power has affirmed that insolvency proceedings can be initiated against state-owned electricity distribution as well as generation firms in case of default of payment by the creditors.<\/p>\n<p>The ministry clarified its stand in a letter written to Secretary, Department of Legal Affairs, earlier this month.<\/p>\n<p>The clarification came in reference to a case filed by Tamil Nadu Generation and Distribution Company (TANGEDCO) against ClRP (Corporate Insolvency Resolution Process) proceedings initiated by South lndia Corporation Pvt Ltd in High Court of Madras.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ministry of Power has affirmed that insolvency proceedings can be initiated against state-owned electricity distribution as well as generation firms in case of default of payment by the creditors. The ministry clarified its stand in a letter written to Secretary, Department of Legal Affairs, earlier this month. The clarification came in reference to a case filed by Tamil Nadu Generation and Distribution Company (TANGEDCO) against ClRP (Corporate Insolvency Resolution Process) proceedings initiated by South lndia Corporation Pvt Ltd in High Court of Madras.<\/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":[130,239,136],"tags":[],"class_list":["post-450073","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450073","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=450073"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450073\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}