Stressed power assets: 180-day deadline breach not end of road, say bankers

There are about 34 stressed power projects and the combined value of their outstanding loans is about Rs 1.74 trillion

Banks may breach the 180-day deadline of August 27 for firming up a resolution plan on big-ticket stressed accounts. 

But that is not the end of the road as some aspects may give them a breather, bankers and experts feel. 

The much-awaited Allahabad High Court judgment in case of stressed power assets, less time taken for actual admission to bankruptcy court National Company Law Tribunal (NCLT) and the option to withdraw a case referred to NCLT with the consent of 90 per cent of lenders could ease the burden on lenders, especially public sector banks. 

State Bank of India (SBI),