E-PaperMonnet Power News
Monnet Power invites bids to sell Odisha plant
In August 2017, IDFC Bank initiated proceedings against Monnet Power under IBCBased on a decision by CoC, company was admitted for liquidation to NCLT in December 2018
1 min read24 Feb 2020NCLAT dismisses plea of Monnet Power RP over claims of BHEL
A two-member NCLAT bench headed by Justice S J Mukhopadhaya asked the RP to act in accordance with the directions passedMonnet Power owes around ₹6,000 crore to a consortium of lenders, including State Bank of India and Punjab National Bank
1 min read26 Feb 2019NCLT asks Monnet’s RP to consider Bhel’s entire claim
Bhel had moved the Mumbai bench of the NCLT against the RP to include its full claim of 977 crore under the category of operational creditors
1 min read12 Sep 2018JSW Energy, Adani Power submit EoIs for bankrupt Monnet Power
SBI, PNB, UCO Bank, ICICI Bank and IDBI Bank are among the prominent lenders to Monnet Power, which is an 88% subsidiary of Monnet Industries
1 min read18 Jun 2018Monnet Ispat bankruptcy: IFCI moves NCLT to include its Rs158 crore claim
IFCI claims that the resolution professional had not included its claim, which was actually a corporate guarantee given by Monnet Ispat in favour of a subsidiary
1 min read2 Apr 2018Monnet Ispat bankruptcy: ICICI Bank moves NCLT to include claim of $75 mn
ICICI Bank claimed that the IRP had not included its claim, which was actuall a corporate guarantee given by Monnet Ispat in favour of its subsidiary Monnet Power
1 min read28 Mar 2018SBI looks to name IRPs for NPA accounts on RBI’s second defaulter list
SBI is said to have sought insolvency resolution professionals (IRPs) for Coastal Projects, IVRCL, Monnet Power named in RBI's second defaulter list
2 min read28 Sep 2017Opening Bell | Asian markets open lower; Axis Bank, ITC, Biocon in news
In other news, Cairn India expects merger with Vedanta by March-end
1 min read22 Jul 2016Lenders to Monnet Power reject JSW Energy’s acquisition offer
The lenders were not willing to take a haircut, which JSW Energy was insisting on for the acquisition, said a banker involved in the deal
3 min read22 Jul 2016JSW Energy in talks to buy three power assets
JSW Energy looking at deals with Monnet Power, Jaiprakash Power and Jindal Power, for total capacity of 2,591MW
3 min read30 Mar 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared