Essar Power, GMR Energy and RattanIndia Power have approached Allahabad HC seeking directions to RBI for extension of deadline to refer their plants to insolvency court by 60-90 days for completing the ongoing resolution process, sources said.
Essar Power, GMR Energy and RattanIndia Power have approached Allahabad HC seeking directions to RBI for extension of deadline to refer their plants to insolvency court by 60-90 days for completing the ongoing resolution process, sources said.
Essar Power, GMR Energy and RattanIndia Power have approached Allahabad HC seeking directions to RBI for extension of deadline to refer their plants to insolvency court by 60-90 days for completing the ongoing resolution process, sources said.
Essar Power, GMR Energy and RattanIndia Power have approached Allahabad HC seeking directions to RBI for extension of deadline to refer their plants to insolvency court by 60-90 days for completing the ongoing resolution process, sources said.
Essar Power, GMR Energy and RattanIndia Power have approached Allahabad HC seeking directions to RBI for extension of deadline to refer their plants to insolvency court by 60-90 days for completing the ongoing resolution process, sources said.
Lenders to these power plants had written to the Reserve Bank of India RBI seeking extension but the apex bank did not respond even as its Feb 12 circular mandates banks to take these plans to NCLT by Sep 11. Besides the central government and RBI, the companies have made banks party to the petitions, which were mentioned before the court on Friday reque ..