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Insolvency Resolution: SC notice to Sarda Energy, SKS Power lenders panel on Torrent Power's plea

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Insolvency Resolution

SC notice to Sarda Energy, SKS Power lenders panel on Torrent Power's plea

This story was originally published at 13:16 IST on October 25, 2024  Back
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The Supreme Court on Friday issued notices to debt-ridden SKS Power Generation (Chhattisgarh) Ltd., its resolution professional, and committee of creditors, and the successful resolution applicant Sarda Energy and Minerals Ltd. on a plea by Torrent Power Ltd against the approval of Sarda Energy's plan. On Oct. 1, the National Company Law Appellate Tribunal had approved the resolution plan by Sarda Energy and dismissed opposition from Torrent Power, Vantage Point Asset Management Pte. Ltd. and other parties.

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