KSK Mahanadi Power Company, represented by its Resolution Professional (RP), addressed the National Company Law Tribunal (NCLT) in Hyderabad, advocating for a renewed bidding process under the corporate insolvency resolution process (CIRP). The company, admitted into insolvency in October 2019, contends that recent developments necessitate a fresh invitation for bids. The RP emphasized that KSK Mahanadi’s evolving status as a
The National Company Law Appellate Tribunal (NCLAT) has rejected Jindal Power Limited’s appeal against the Mumbai National Company Law Tribunal (NCLT) ruling, prohibiting the company from presenting a resolution plan in the Tuticorin Coal Terminal’s insolvency proceedings. Dismissing the appeal, NCLAT emphasized the absence of merits and highlighted that granting it would contravene Corporate Insolvency Resolution Process (CIRP) regulations. Jindal
