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SARDA ENERGY RESOLUTION
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...- Nine bidders for GVK's Alaknanda hydro power plantNine bidders, including Adani Power and JSW Energy, have submitted formal offers ranging from Rs 3,000 crore to Rs 4,000 crore for GVK Ener...
- 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...
- SC seeks response from SKS Power and lenders on Torrent Power's appeal against Sarda Energy's resolution planThe Supreme Court has asked SKS Power Generation, its lenders, and the resolution professional for responses on Torrent Power's appeal chal...
- NCLAT upholds tribunal’s order of Sarda Energy’s acquisition of SKS Power GenerationThe NCLAT has upheld the approval of SKS Power Generation's acquisition by Sarda Energy & Minerals Ltd, despite challenges from unsuccessfu...
- 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...
- CoC tells NCLAT that Sarda Energy’s Rs 2,000 crore resolution plan for SKS Power approved by 100% votingThe committee of creditors (CoC) of SKS Power Generation, comprising the State Bank of India (SBI) and the Bank of Baroda (BoB), informed t...
- 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...
- Bankruptcy court okays SKS Power Generation’s Acquisition by Sarda Energy & MineralsThe division bench of judicial member Kishore Vemulapalli and technical member Anu Jagmohan Singh approved Sarda Energy & Minerals’ resolut...
- NCLAT allows Sarda Energy to seek tribunal nod for its SKS Power offerThe National Company Law Appellate Tribunal (NCLAT) has granted permission to Sarda Energy & Minerals (SEML) to pursue a final approval fro...
- NCLAT orders status quo on Sarda Energy & Minerals Ltd (SEML)'s bid to take over SKS Power LtdThe National Company Law Appellate Tribunal (NCLAT) has ordered a status quo on Sarda Energy & Minerals Ltd (SEML)'s bid to take over SKS P...
- 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 ...
- 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....
- Adani Group, Reliance Industries pull out of race to acquire SKS Power GenerationNagpur-based Sarda Energy & Minerals, Delhi-based Jindal Power, public-sector utility NTPC, Gujarat-based Torrent Power, and Singapore-base...
- 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).
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