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1.8 Lakh Crores of loans headed to NCLT: An opportunity for big players

September 21, 2018 11:26 AM

Tagged Sector(s) : Power

RBI's insolvency deadline to repay loan within timelines has put around 34 power projects as distressed assets. Insolvency proceeding before courts would restructure loans of companies in distress following which would replace promoter of company to revive stressed projects. About 1.8 Lakh crores of loan are headed before NCLT, big players in the power market should reap this big opportunity to revive stranded assets.

Such steps of RBI would optimize the existing generating capacities and strengthen banks’ lending capacities.

Article By:
Amit Sharma

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