State Bank of India (SBI) and IL&FS seem to have different views on debt restructuring at the bankrupt financier’s power joint venture entity – ITPCL. SBI wants an assessment of the liquidation value even as the restructuring of ITPCL’s debt was approved by the majority of ITPCL creditors. SBI, a minority owner of debt, is seeking the liquidation value before signing on the proposal. Last month, more than half a dozen lenders approved a restructuring plan for the company, with 59% of the debt classified as sustainable and the remaining 41% converted into non-convertible debentures. ITPCL operates a 1,200-MW power plant in Tamil Nadu.