{"id":562632,"date":"2023-03-15T11:59:29","date_gmt":"2023-03-15T06:29:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=562632"},"modified":"2023-03-15T11:59:29","modified_gmt":"2023-03-15T06:29:29","slug":"bankruptcy-court-approves-gail-indias-resolution-plan-for-jbf-petrochemicals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bankruptcy-court-approves-gail-indias-resolution-plan-for-jbf-petrochemicals\/","title":{"rendered":"Bankruptcy court approves Gail India\u2019s resolution plan for JBF Petrochemicals"},"content":{"rendered":"<p>India\u2019s bankruptcy court Monday approved Gail Ltd&#8217;s resolution plan of Rs 2101 crore for JBF Petrochemicals, in a rare instance of a government-owned entity acquiring a company under the Insolvency and Bankruptcy Code.<\/p>\n<p>The sale of JBF Petrochemicals will equate to a 41% recovery for financial creditors. The resolution professional, Sundaresh Bhat, backed by BDO India, admitted Rs 5628 financial and operational creditors claims.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s bankruptcy court Monday approved Gail Ltd&#8217;s resolution plan of Rs 2101 crore for JBF Petrochemicals, in a rare instance of a government-owned entity acquiring a company under the Insolvency and Bankruptcy Code. The sale of JBF Petrochemicals will equate to a 41% recovery for financial creditors. The resolution professional, Sundaresh Bhat, backed by BDO India, admitted Rs 5628 financial and operational creditors claims.<\/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":[130,191,136],"tags":[],"class_list":["post-562632","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562632","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=562632"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/562632\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=562632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=562632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=562632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}