{"id":562556,"date":"2023-03-15T09:35:47","date_gmt":"2023-03-15T04:05:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=562556"},"modified":"2023-03-15T11:04:30","modified_gmt":"2023-03-15T05:34:30","slug":"nclt-approves-gails-rs-2079-cr-resolution-plan-for-jbf-petrochemicals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-approves-gails-rs-2079-cr-resolution-plan-for-jbf-petrochemicals\/","title":{"rendered":"NCLT approves GAIL&#8217;s Rs 2,079 cr resolution plan for JBF Petrochemicals"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) has approved the state-owned GAIL&#8217;s Rs 2,079 crore resolution plan for JBF Petrochemicals, which owed Rs 7,918 crore to a consortium led by IDBI Bank.<\/p>\n<p>&#8220;We being satisfied approve the resolution plan submitted by GAIL (India) Limited&#8230;..the resolution applicant shall obtain necessary approvals required under any law for the time being in force within a period of one year from the date of approval of the resolution plan,&#8221; the order issued by the NCLT Mumbai said on Monday.<\/p>\n<p>The other secured lenders of the company are Union Bank of India, Bank of Baroda, Exim Bank and Indian Overseas Bank, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) has approved the state-owned GAIL&#8217;s Rs 2,079 crore resolution plan for JBF Petrochemicals, which owed Rs 7,918 crore to a consortium led by IDBI Bank. &#8220;We being satisfied approve the resolution plan submitted by GAIL (India) Limited&#8230;..the resolution applicant shall obtain necessary approvals required under any law for the time being in force within a period of one year from the date of approval of the resolution plan,&#8221; the order issued by the NCLT Mumbai said on Monday. The other secured lenders of the company are Union Bank of India, Bank of Baroda, Exim [&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":[135,130,169],"tags":[],"class_list":["post-562556","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562556","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=562556"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562556\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=562556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=562556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=562556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}