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GVK POWER INSOLVENCY
CCI clears Adani Power's GVK buy, other dealsThe Competition Commission of India has approved four business deals, including Adani Power's acquisition of GVK Energy and Canada Pension ...- Purvah Green pulls the plug on Rs 5,750-cr GVK Energy resolutionPurvah Green, an RP Sanjiv Goenka Group company, has withdrawn its ₹5,750 crore bid for GVK Energy, citing uncertainties from the Gulf war....
- JSW, Vedanta, Adani among companies keen to buy GVK Energy's assetJSW Energy, Adani Power, and Vedanta are among the companies vying for GVK Energy's 330 MW Alaknanda hydro power project in Uttarakhand, as...
- GVK Power lenders to restart IBC processLenders for the debt-ridden GVK Power and Infrastructure are initiating a second insolvency process, opting to sell individual assets like ...
- GVK Energy admitted to NCLT against IDBI’s PleaNCLT initiated insolvency proceedings against GVK Energy following IDBI Bank's application for a Rs 1,106 crore debt, stemming from a corpo...
- Radha Smelters receives NCLT’s nod to acquire GVK Gautami PowerNCLT has approved Radha Smelters Pvt Ltd's resolution plan to acquire GVK Gautami Power Ltd for around Rs 207 crore, resolving Rs 2,759 cro...
- NCLT admits GVK Power & Infra with dues of Rs 18k cr to insolvencyICICI Bank had petitioned the court in November 2020 to pursue the recovery of its $1.35 billion lent through its Dubai, Bahrain and Singap...
- GVK Power and Infrastructure Ltd faces insolvency proceedingsNCLT appointed Satish Kumar Gupta as an interim resolution professional for managing the company during pendency of the insolvency. "The co...
- CCI approves Punjab State Power Corp’s takeover of GVK Energy armThe anti-trust regulator said PSPCL, a fully owned undertaking of the Punjab government, intends to take over GVK Power (Goindwal Sahib), w...
- Punjab Utility set to buy GVK power plantLast week, lenders unanimously voted on a resolution plan given by Punjab State Power Corp (PSPCL), said the people cited above. KPMG-backe...
- NCLT Hyderabad initiates insolvency proceedings against GVK Gautami Power"NCLT, Hyderabad bench, during its hearing on October 20 initiated insolvency proceedings under The lnsolvency and Bankruptcy Code, 2016 fi...
- Punjab utility bids for GVK Power plantGVK Power (Goindwal Sahib) has a 25-year power purchase agreement with PSPCL and now it is the sole bidder for the Punjab-based company. In...
- Adani and Jindal companies, Vedanta in race for GVK Power’s Punjab unitGVK Power and Infrastructure is the parent company of GVK Power (Goindwal Sahib). The RP did not respond to ET’s request for comments. GVK ...
- Debenture holders move NCLT over '312-crore claim against GVK powerDebenture holders have moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against GVK Power and Infrastructu...
- GVK Power (Goindwal Sahib) admitted for insolvencyThis is the second company of the GVK group, after GVK Industries, that has entered insolvency proceedings. The company has a debt of aroun...
- Does a secondary market for corporate and personal guarantees exist?The amount involved in the resolution process of personal guarantors to corporate debtors is substantial. As of March 2022, 926 application...
- Deutsche-led group exits race for GVK’s Punjab power plantIn this case, banks still have the option of recovery through the insolvency process as Axis Bank had already filed a petition in the Natio...
- Lenders knock at NCLT door against GVK PowerThe group of lenders led by IDBI Bank has moved NCLT Hyderabad seeking insolvency proceedings against the GVK Power and Infra arm.
- Power projects heading to NCLT may get to retain fuel supply pactsA high-level empowered committee considered these special dispensations to the troubled projects to help their lenders recover a fair value.
- BoB puts 30 impaired loans worth over Rs 7,400 cr on blockThese include loans to Binani Cement, Essar Steel and Bhushan Power.
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