Sep 07:
The Allahabad High Court order will now mean that around 20GW capacity is likely to be referred to NCLT due to lack of unanimity among lenders on reaching a resolution. 8It is now likely that cash-rich players like JSW Energy, NTPC, NLC India and Torrent Power, among others, will be able to pick up these stressed assets for a song. 8These stressed assets could face steep hair-cuts of 40-50% at the resolution stage and 60-70% at the NCLT stage in bidding values. 8This is the best possible opportunity to buy distressed assets at the cheapest possible price Click on Reports for more