SC seeks response from SKS Power and lenders on Torrent Power’s appeal against Sarda Energy’s resolution plan, ET LegalWorld
The Supreme Court had sought response from debt-ridden SKS Power Generation (Chhattisgarh) Ltd, its lenders and its resolution professional on an appeal by Torrent Power challenging the approval granted to Sarda Energy and Minerals resolution plan for takeover of the power generation firm. A Bench led by Chief Justice D.Y. Chandrachud while issuing notice to […]
NCLAT upholds tribunal’s order of Sarda Energy’s acquisition of SKS Power Generation, ET LegalWorld
The National Company Law Appellate Tribunal (NCLAT) has upheld the tribunal’s order to approve the SKS Power Generation (Chattisgarh) Ltd’s acquisition by BSE-listed Sarda Energy & Minerals Ltd (SEML). The unsuccessful bidders of SKS Power Generation (Chattisgarh) including Torrent Power Ltd, Jindal Power Ltd and Vantage Point Asset Management Pte. had approached the appellate tribunal […]