The National Company Law Appellate Tribunal (NCLAT) has dismissed SBI’s objections to the liquidation value of IL&FS Tamil Nadu Power Company Ltd (ITPCL), stating that SBI cannot evade the debt restructuring process. NCLAT upheld the liquidation value determined by PNB, stressing that the restructuring plan, approved by over 90% of lenders, binds all parties, including SBI. Despite SBI’s contention that the valuation was outdated, NCLAT maintained its validity, citing regulatory guidelines. With ITPCL’s restructuring advancing, SBI’s request to revise the valuation was rejected, affirming the importance of adhering to the agreed-upon terms. As part of IL&FS’s overall recovery plan, ITPCL’s progress remains significant in addressing the conglomerate’s debt woes.