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Prepayment of rupee term loan

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(Querist)
19 December 2013 The company have two term loans -TLI- & TL- II

TL-I - COD Done in 2011 and Repayment is going on.
TL-II- rescheduling is recently done recently and repayment is starting from next year.

Whether TL-I if prepaid through another term loan to deferred the existing repayment installment, will it be treated as restructuring.

Whether end use of new term loan can be taken as repayment of repayment of TL-I.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 December 2013 No. you need to show it is, and it actually is, refinancing. refinancing a loan doesn't amount to restructuring.

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