and provided for in line with the Reserve Bank of India (RBI) guidelines for such assets. The expressway was originally funded by HUDCO and the loan was subsequently re-financed by an SBI-led consortium before the IDFC-led consortium took over.
Once the settlement goes through, DGSCL will stand discharged of all existing and future claims, liabilities and obligations incurred by it under the 2002 concession agreement and the 2012 memorandum of understanding. Additionally, as per the bilateral agreement signed between the bankers and the concessionaire on February 17, IDFC will bear the dues of DGSCL, till a new concessionaire is selected to substitute DGSCL. NHAI has consented to the aforementioned proposal subject to the condition that no liability shall accrue to it under the bilateral agreement.