The thermal power company promoted by Hemant Kanoria and his family entered corporate insolvency in November 2019. Resolution professional Ravi Sankar Devarakonda, backed by EY Restructuring LLP, has received resolution plans from Vedanta, Naveen Jindal-promoted Jindal Power and Prudent Asset Reconstruction Company, one of the people said. All the three offers are under ₹900 crore, with the payment staggered over 7-10 years, the same person said.
from Energy-Industry-Economic Times https://ift.tt/QzfIiPJ
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