{"id":2840,"date":"2024-12-04T17:16:45","date_gmt":"2024-12-04T18:16:45","guid":{"rendered":"http:\/\/sierrascreen.com\/?p=2840"},"modified":"2024-12-08T10:09:18","modified_gmt":"2024-12-08T10:09:18","slug":"vidarbha-industries-power-dragged-to-nclt-by-cfm-asset-over-rs-3800-crore-unpaid-dues","status":"publish","type":"post","link":"http:\/\/sierrascreen.com\/index.php\/2024\/12\/04\/vidarbha-industries-power-dragged-to-nclt-by-cfm-asset-over-rs-3800-crore-unpaid-dues\/","title":{"rendered":"Vidarbha Industries Power dragged to NCLT by CFM Asset over Rs 3,800 crore unpaid dues"},"content":{"rendered":"
CFM Asset Reconstruction Pvt Ltd has taken Vidarbha Industries Power Ltd (VIPL) to the National Company Law Tribunal (NCLT) for unpaid dues of nearly \u20b93,800 crore. VIPL, a Reliance Power subsidiary, defaulted on loans from Axis Bank and SBI, which were later sold to CFM ARC. The NCLT appointed an interim resolution professional to oversee the insolvency process. <\/p>\n","protected":false},"excerpt":{"rendered":"
CFM Asset Reconstruction Pvt Ltd has taken Vidarbha Industries Power Ltd (VIPL) to the National Company Law Tribunal (NCLT) for unpaid dues of nearly \u20b93,800 crore. VIPL, a Reliance Power<\/p>\n