Adani Power will acquire Vidarbha Industries Power Limited. The National Company Law Tribunal approved the acquisition. Secured creditors h...

Adani 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 has also settled all disputes with CFM Asset Reconstruction Private Limited (CFM). 100% shares of VIPL have been pledged in ...

Reliance Power has disputed the amount claimed by CFM and added that the value of assets is sufficient to recover the money. Last month, CF...

"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...

A 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...

Banks 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...

The principal bench of the National Company Law Appellate Tribunal (NCLAT) is reviewing an order by a lower court that had dismissed a plea...

Lenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction compa...

Adani, fresh from a $2.8 billion capital raising, may face intense competition for Vidarbha Industries Power Ltd., which operates the 600-m...

At the meeting, lenders evaluated three offers - a one-time settlement from the promoter company Reliance Power, and two separate offers fr...

Reliance Power and CFM offered upfront cash, while NARCL’s offer is a combination of cash and security receipt. Early this month, CFM ARC i...

The offer comes amid a landmark Supreme Court order that dismissed Axis Bank's petition to admit the company into insolvency stating that t...

IBBI's petition is aimed at course correction after the Vidarbha Industries Power case where the Supreme Court struck down the National Com...

They said the ruling could deflate an already delayed process under the Insolvency and Bankruptcy Code (IBC) and will most likely be used b...

It added that the company is engaged with all its lenders to arrive at a suitable resolution outside CIRP.

Reliance Power today said its 600 MW coal-based power plant at Butibori in Maharashtra is fully operational.