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SKS POWER
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...- 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...
- 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...
- CBI conducts searches at 14 locations in connection with Rs 5717-cr fraud by SKS Power GenerationThe Central Bank of India (CBI) has registered an FIR into a bank fraud involving Chhattisgarh-based SKS Power Generation Ltd. The company,...
- 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 Resolution faces roadblock as HC orders CBI probeIn an order dated March 19, the Allahabad High Court directed an investigation against SKS Power Generation (SKSPGL) and its affiliates for...
- 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 ...
- 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...
- 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'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...
- 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.
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