Under the scheme, the debt of HCC, which stands at Rs 5,000 crore, will be split into sustainable debt and unsustainable debt. The sustainable debt part will have to be serviced over the same terms as that of existing loans. However, the sustainable debt should not be less than 50 per cent of the liabilities. According to RBI rules, the sustainable portion of the debt will be broadly linked to the company's cash flows. Mumbai, July 13: Hindustan Construction Company (HCC) today became the first company to accept the RBI's scheme to structure stressed assets - the S4A plan - which was announced in June.

Source: The Telegraph July 13, 2016 21:10 UTC