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SKS POWER LENDERS
SC upholds Sarda Energy's Rs 1950 crore resolution plan for SKS Power, dismisses power-trio's appealsThe Supreme Court has dismissed appeals from Torrent Power, Jindal Power, and Vantage Point Asset Management. The court upheld Sarda Energy...- As Sarda Energy deposits ₹1.9kcr for SKS power, deal challengedIn a stock exchange filing Tuesday, Sarda Energy confirmed the payment, including ₹1,805 crore paid to financial creditors of SKS Power, St...
- NCLAT asks RP to bring on record e-mail sent to successful bidder Sarda Energy seeking clarificationThe NCLAT asked SKS Power Generation's resolution professional to present communication with Sarda Energy about their resolution plan after...
- Torrent Power moves NCLAT against approval of Sarda Energy's bid for SKS PowerTorrent Power has appealed to NCLAT against the approval of Sarda Energy and Mining's plan for SKS Power Generation. Torrent argued that it...
- SKS Power resolution faces roadblock as HC orders CBI probeTorrent Power and Sharda Energy and Power are the two entities in the fray to acquire the 600 MW power generation company. The committee of...
- SKS Power lenders to review Torrent's resolution proposal next weekLenders of SKS Power are set to meet next week to review the resolution plan presented by Torrent Power. This comes after the bankruptcy co...
- Bankruptcy court remands back SKS Power Generation’s resolution plan to lendersThe National Company Law Tribunal has instructed the lenders of SKS Power Generation to reconsider the resolution plan submitted by Sarda E...
- SKS Power's losing bidders challenge lenders' decisionTorrent Power and Vantage Point Asset Management have appealed against the decision to award bankrupt SKS Power Generation to Sarda Energy ...
- Bank fraud: ED attaches Maharashtra-based steel company's assets worth over Rs 517 croreThe Enforcement Directorate (ED) has attached assets worth over Rs 517 crore belonging to Maharashtra-based steel company SKS Ispat and Pow...
- Sarda Energy emerges as top bidder for SKS PowerSarda Energy & Minerals, a Chhattisgarh-based vertically integrated producer of steel that also owns captive iron ore mines, outbid the Nav...
- SKS Power's lenders to seek more time to seal resolutionThe resolution process timeline, which was initiated in April 2022, ends on May 25 after taking into account the various procedural delays....
- RIL, Adani Group, NTPC among 7 bidders for SKS PowerThe Chhattisgarh-based power company owes Rs 1,890 crore to two lenders, Bank of Baroda and State Bank of India. “We have received bids and...
- Lenders to SKS Power give bidders a fourth deadline extension for due diligenceReliance Industries, the Adani Group, state-owned NTPC, Torrent Power, Jindal Power, Hindustan Powerprojects, Sarda Energy & Minerals and J...
- SKS Power lenders extend due diligence deadlineCreditors met earlier this week and decided to extend the deadline by a couple of weeks. The last date was previously Friday (November 25).
- SKS Power's lenders extend due diligence deadlineMore than a dozen bidders including large Indian conglomerates such as Reliance Industries, Adani Power, power sector companies Torrent Pow...
- SKS Power's lenders extend timeline for due diligenceLarge Indian conglomerates including Reliance Industries, Adani Power and the state-run NTPC are among the nearly two-dozen bidders interes...
- RIL, Adani, NTPC among bidders for SKS powerAdani Power and the state-run NTPC are among the nearly two-dozen bidders interested in buying the bankrupt SKS Power Generation located in...
- SKS Power's dormant plant restarts operations under NTPCThe plant stopped production earlier this year after Hong Kong listed owner Agritrade Resources failed to keep the plant running due to fin...
- Tata Capital moves HC against SKS Ispat’s demerger plan to recover dues of about Rs 50 croreTata Capital, a financial arm of Tata Group has filed a notice against SKS Ispat & Power in a bid to recover dues of about Rs 50 crore.
- Run MFIs with more than just a little bit of altruismThings have certainly moved rapidly for this industry - from being hailed as harbinger of a social change around two or three years to havi...
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