The National Company Law Appellate Tribunal, Chennai on Friday ordered status quo to be maintained as on date in the matter of Corporate Insolvency Resolution Process of Coastal Energen Private Limited, based on an appeal filed against the approval of a ₹3,335.52 crore resolution plan submitted by Dickey Alternative Investment Trust and Adani Power Limited consortium for the company. Interestingly, …
India’s National Company Law Tribunal on Friday approved Dickey Alternative Investment Trust and Adani Power Limited’s ₹3,335.52 crore resolution plan for bankrupt Coastal Energen Private Limited, which owns and operates an imported coal-based thermal power plant at Tuticorin, Tamil Nadu. In February, the Dickey Alternative Investment Trust and Adani Power Limited received approval from Competition Commission of India for acquiring …
