The National Company Law Appellate Tribunal (NCLAT) has stayed the corporate insolvency resolution process (CIRP) initiated against Vikram Solar Limited by the National Company Law Tribunal (NCLT), Kolkata Bench. The interim relief, granted on June 24, 2026, suspends the insolvency proceedings and bars the interim resolution professional (IRP) from taking any further action until the…
JSW Energy has received approval from the Committee of Creditors for its resolution plan for Raigarh Champa Rail Infrastructure Private Limited. The company received the Letter of Intent on November 19, 2025, which marks an important step in securing rail connectivity for its 3,600 MW thermal power project. The approval follows JSW Energy’s earlier acquisition…
The Adani Group has received lender approval to acquire Jaiprakash Associates after its resolution plan secured 89 percent of the vote from the Committee of Creditors. The offer was valued at Rs 14,535 crore and was preferred for its higher upfront cash component over competing proposals from Vedanta and Dalmia Cement. The Committee of Creditors…
GVK Power and Infrastructure Limited, which is undergoing the Corporate Insolvency Resolution Process (CIRP), has issued a provisional list of prospective resolution applicants for its assets, categorised into five groups, according to a filing with the stock exchanges. The categories include the corporate debtor as a going concern, its full ownership in GVK Perambalur SEZ…
JSW Energy Limited has been declared the successful applicant for acquiring the 3,600 MW Akaltara (Nariyara) Thermal Power Project (KSK Mahanadi) and received the Letter of Intent (LoI) on January 13, 2025. Located in Nariyara, Akaltara, in the Janjgir-Champa district of Chhattisgarh, the project is partly operational, with 1,800 MW of power in use. Electricity…