{"id":603491,"date":"2023-09-14T11:44:58","date_gmt":"2023-09-14T06:14:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=603491"},"modified":"2023-09-14T11:44:58","modified_gmt":"2023-09-14T06:14:58","slug":"creditors-to-ilfs-tamil-nadu-power-reject-narcls-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/creditors-to-ilfs-tamil-nadu-power-reject-narcls-offer\/","title":{"rendered":"Creditors to IL&amp;FS Tamil Nadu Power reject NARCL&#8217;s offer"},"content":{"rendered":"<p>Mumbai: The Committee of Creditors for IL&amp;FS Tamil Nadu Power Company (ITPCL), a consortium of 17 banks led by Punjab National Bank, have turned down a proposal from the National Asset Reconstruction Co (NARCL) to acquire the debt of \u20b99,000 crore and is moving ahead with a debt restructuring plan.<\/p>\n<p>During a meeting held last week, the lenders&#8217; committee rejected the government-backed bad bank&#8217;s offer, a source said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The Committee of Creditors for IL&amp;FS Tamil Nadu Power Company (ITPCL), a consortium of 17 banks led by Punjab National Bank, have turned down a proposal from the National Asset Reconstruction Co (NARCL) to acquire the debt of \u20b99,000 crore and is moving ahead with a debt restructuring plan. During a meeting held last week, the lenders&#8217; committee rejected the government-backed bad bank&#8217;s offer, a source 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-603491","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\/603491","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=603491"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/603491\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=603491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=603491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=603491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}