Mumbai, Sept. 11 -- The process was administered through the National Company Law Tribunal (NCLT).

The company said it has prepaid the entire Rs 501 crore cash consideration payable to its erstwhile lenders under the NCLT-approved resolution plan, along with redeemable bonds worth Rs 1,900 crore. The cash component was originally payable over five years, with the final instalment due on 30 September 2027. The company said it discharged the cash obligation in September 2026, one year ahead of schedule.

Diamond Power was acquired through the NCLT process by a consortium comprising Rakesh Shah, GSEC and the Monarch Group. With the resolution plan fully implemented, the company said it is now eligible to obtain credit ratings from recognise...