Insolvency proceedings can be initiated against state-owned discoms: Power Ministry

"As far as state-owned (power) distribution and generation company like TANGEDCO is concerned, it is clear that it a government company as defined under section 2 (45) of the Companies Act and would fall under Insolvency Code (IBC)," the ministry said in the letter.

from Energy-Industry-Economic Times https://ift.tt/3wGnMWJ