Investment2 Jun 2025, 05:20 pm
PTC India Financial Services Receives Full Recovery of ₹125 Crore from NSL Nagapatnam Power & Infratech
AI Summary
PTC India Financial Services Ltd. has received the full share of ₹125 crore, representing the recovery of the entire principal amount, under the approved resolution plan for NSL Nagapatnam Power & Infratech Private Limited. This recovery comes as a part of the ordinary course of business for recovery. NSL has been classified as an NPA account since March 2017. The update was provided during a quarterly investors call held on 10th May 2025, where it was mentioned that the NCLT has heard the case and the judgement was expected in the following weeks. This information is for further dissemination.
Key Highlights
- PTC India Financial Services Ltd. received ₹125 crore from NSL Nagapatnam Power & Infratech
- The recovery represents the full principal amount under the approved resolution plan
- NSL has been classified as an NPA account since March 2017
- The update was provided during a quarterly investors call held on 10th May 2025
- The NCLT judgement for NSL was expected in the following weeks