India, Sept. 11 -- Diamond Power Infrastructure Ltd (DICABS) has completed its exit from the resolution framework under the Insolvency and Bankruptcy Code (IBC), a year ahead of the scheduled timeline.
The company has fully prepaid the Rs 501 crore cash consideration payable to its erstwhile lenders under the NCLT-approved resolution plan. It has also completed the obligations relating to Rs 1,900 crore worth of 30-year redeemable bonds. The total consideration under the resolution plan stood at Rs 2,401 crore.
The final instalment of the cash component was originally due on September 30, 2027. However, Diamond Power discharged the obligation in full in September 2026, availing prepayment discounts provided by its lenders.
With the resol...