There are almost 55 companies in the green category and they have a loan exposure of about ₹12,000 crore. If the dues of the ten companies can be settled, then 90% of the ₹12,000 crore can be settled. By July end, we will be aspiring to settle the debt of green companies, which is around ₹12,000 crore," he said. If they can be made into green, then around ₹2,000 to 4,000 crore of debt may shift from amber to green," he noted. Noting that the issue is the distribution ratio between secured and unsecured creditors, he said one option could be that senior creditors get precedence and the residual amount would go to unsecured creditors.

Source: Mint May 08, 2019 12:00 UTC