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VIDARBHA INDUSTRIES POWER
NCLAT upholds Adani Power's Rs 4k-cr acquisition of Vidarbha Industries PowerThe National Company Law Appellate Tribunal (NCLAT) has confirmed the Mumbai-bench of NCLT's order, which, on June 18, 2025, approved the R...- Adani Power shares rise 3% after completing acquisition of Vidarbha Industries PowerAdani Power shares: VIPL runs a 2×300 MW coal-based power plant in Butibori, located in Maharashtra’s Nagpur district. The company was unde...
- Adani Power completes acquisition of 600 MW Vidarbha PowerAdani Power successfully acquired Vidarbha Industries Power Ltd. (VIPL) for ₹4,000 crore, adding a 2x300 MW power plant to its portfolio. T...
- Adani Power's proposal to acquire Vidarbha Industries Power’s approved by NCLTAdani Power will acquire Vidarbha Industries Power Limited. The National Company Law Tribunal approved the acquisition. Secured creditors h...
- Adani Power gets letter of intent to acquire Vidarbha Industries PowerAdani Power has been given the green light by the committee of creditors to acquire Vidarbha Industries Power Ltd, which operates a 600 MW ...
- Reliance Power settles its obligations of Rs 3872 crore as guarantor for Vidarbha Industries PowerReliance Power has also settled all disputes with CFM Asset Reconstruction Private Limited (CFM). 100% shares of VIPL have been pledged in ...
- CFM ARC invokes corporate guarantee issued by Reliance Power for Vidarbha Industries PowerReliance Power has disputed the amount claimed by CFM and added that the value of assets is sufficient to recover the money. Last month, CF...
- CFM ARC raises offer for Vidarbha Industries"In a meeting held today lenders asked CFM ARC to improve the bid amount to ₹1,265 crore from ₹1,220 crore and close the transaction," said...
- Lenders look to close deal for loans of Vidarbha IndsA division bench of the court had on August 2 told the lenders not to declare the winner of the Swiss auction until the next hearing schedu...
- Anil Ambani-owned Vidarbha Industries moves Bombay High Court against lenders' move to auction company's debtBanks led by Axis Bank have scheduled a Swiss Challenge auction to sell principal debt of ₹2,569 crore and $27.7 million in overseas curren...
- NCLAT reviewing dismissal of Simplex insolvency caseThe principal bench of the National Company Law Appellate Tribunal (NCLAT) is reviewing an order by a lower court that had dismissed a plea...
- Aditya Birla ARC, Reliance ARC & Arcil in shortlist for Vidarbha IndsLenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction compa...
- Adani weighs bid for Anil Ambani’s bankrupt coal plantsAdani, fresh from a $2.8 billion capital raising, may face intense competition for Vidarbha Industries Power Ltd., which operates the 600-m...
- Vidarbha Industries' lenders to conduct auction by September-endAt the meeting, lenders evaluated three offers - a one-time settlement from the promoter company Reliance Power, and two separate offers fr...
- Reliance Power makes a higher offer to lenders for Vidarbha IndustriesReliance Power and CFM offered upfront cash, while NARCL’s offer is a combination of cash and security receipt. Early this month, CFM ARC i...
- NARCL improves offer for Vidarbha Industries PowerThe offer comes amid a landmark Supreme Court order that dismissed Axis Bank's petition to admit the company into insolvency stating that t...
- IBBI challenges NCLT's order rejecting admission of GTL InfraIBBI's petition is aimed at course correction after the Vidarbha Industries Power case where the Supreme Court struck down the National Com...
- SC order on IBC jolts bankers, lawyersThey said the ruling could deflate an already delayed process under the Insolvency and Bankruptcy Code (IBC) and will most likely be used b...
- Axis Bank files insolvency plea against RPower armIt added that the company is engaged with all its lenders to arrive at a suitable resolution outside CIRP.
- Reliance Power's Butibori plant becomes fully operationalReliance Power today said its 600 MW coal-based power plant at Butibori in Maharashtra is fully operational.
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