Monnet Power Company Limited availed loan facilities from various banks, including IDFC Bank. As of the petition, the outstanding amount to IDFC Bank was ₹586,54,64,341, including principal, interest, fees, and revised interest. A Common Rupee Loan Agreement was executed on 2010-08-23 between Monnet Power Company Limited and several banks and financial institutions. A Debt Restructuring Agreement was executed on 2014-09-12 between IDFC Limited and other banks. The Corporate Debtor was classified as a Non-Performing Asset (NPA) in June 2015. The default of non-payment is not in dispute, and the Respondent has admitted the liability. The Financial Debt had been classified as “Non-Performing Asset" in the books of the Financial Creditor with effect from 2015-06-30.

Monnet Power Company Limited availed loan facilities from various banks, including IDFC Bank. As of the petition, the outstanding amount to IDFC Bank was ₹586,54,64,341, including principal, interest, fees, and revised interest. A Common Rupee Loan Agreement was executed on 2010-08-23 between Monnet Power Company Limited and several banks and financial institutions. A Debt Restructuring Agreement was executed on 2014-09-12 between IDFC Limited and other banks. The Corporate Debtor was classified as a Non-Performing Asset (NPA) in June 2015. The default of non-payment is not in dispute, and the Respondent has admitted the liability. The Financial Debt had been classified as “Non-Performing Asset" in the books of the Financial Creditor with effect from 2015-06-30.