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FIs
forecast DPC value below $500m |
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The IDBI-led financial institutions,
which have a total exposure of Rs 6,204 crore in the distressed
2,184mw Dabhol project, hope that the beleaguered Enron’s decision
to file for bankruptcy will result in a substantial fall in
the buyout price for the Enron stake. |
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Fate
of 21 FIs, energy cos’ exposure in Enron hangs fire |
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Analysts are worried over the
fate of financial exposure of 21 financial institutions and
energy companies comprising Dynegy Inc to the now beleaguered
Enron Group. |
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Ministry
seeks legal opinion |
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Power ministry has
sought legal opinion over the impact of Enron bankruptcy issue
on the Dabhol Power Corporation in Maharashtra. |
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Suit
not to affect DPC |
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The beleaguered Enron’s
voluntary petition for Chapter 11 reorganisation of its 14 affiliated
entities was one of the major bankruptcies since 1980. Although,
Enron’s application for bankruptcy would not have any impact
on the fate of Dabhol Power Company, the following bankruptcy
applications are quite interesting to note. |
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