{"id":594861,"date":"2023-08-01T11:12:43","date_gmt":"2023-08-01T05:42:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=594861"},"modified":"2023-08-01T11:12:43","modified_gmt":"2023-08-01T05:42:43","slug":"ilfs-tamil-nadu-power-has-rs-3000-cr-of-cash-and-a-hurdle-to-resolution","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-tamil-nadu-power-has-rs-3000-cr-of-cash-and-a-hurdle-to-resolution\/","title":{"rendered":"&#8216;IL&amp;FS Tamil Nadu power has Rs 3,000 cr of cash and a hurdle to resolution&#8217;"},"content":{"rendered":"<p>The Rs 9,000-crore debt resolution of IL&amp;FS Tamil Nadu Power Company (ITPCL) has been deadlocked with lenders demanding the distribution of cash with the company before a restructuring plan can be implemented.<\/p>\n<p>Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as well as the National Company Law Appellate Tribunal (NCLAT), people familiar with the matter said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Rs 9,000-crore debt resolution of IL&amp;FS Tamil Nadu Power Company (ITPCL) has been deadlocked with lenders demanding the distribution of cash with the company before a restructuring plan can be implemented. Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as well as the National Company Law Appellate Tribunal (NCLAT), people familiar with the matter said.<\/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":[130,239,136],"tags":[],"class_list":["post-594861","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\/594861","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=594861"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594861\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=594861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=594861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=594861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}