Banks eye one-time settlement deal from stressed power firms – Livemint

Lenders are racing to avoid a potentially long-drawn insolvency process as all such defaulting projects will proceed for liquidation after 26 August following a recent RBI circular. Photo: Mint Mumbai: Lenders to Indias stressed coal-based power projects are chasing one-time cash settlements to recover their long-pending loans even at a substantial cut on their dues.…