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Rattanindia Power Limited - Withdrawal Of The Applications Filed By The Consortium Of Lenders Led By Power Finance Corporation Limited, Against The Company And Its Wholly Owned Subsidiary Sinnar Thermal Power Limited (Earlier Known As Rattanindia Nasik Power Limited), In The National Company Law Tribunal (NCLT), New Delhi.

We wish to inform you that the applications filed by the consortium of lenders led by Power Finance Corporation Limited (PFC), against the Company and its wholly owned subsidiary Sinnar Thermal Power Limited (earlier known as RattanIndia Nasik Power Limited), in the NCLT, New Delhi, pursuant to and in terms of the Reserve Bank of Indias Circular on Resolution of Stressed Assets - A Revised Framework dated February 12, 2018 bearing reference no. DBR.No.BP.BC.101/21.04.048/2017-18 (12th February Circular), has been withdrawn by PFC pursuant to the 12th February Circular being quashed by the recent judgment of the Honble Supreme Court of India. The Company is actively engaged with the lenders and is taking key steps to alleviate and address th.....

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