NCLAT to hear Shapoorji Pallonji’s plea on Adani Power bid for Korba West Power on Oct 15
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has said it will hear on October 15 Shapoorji Pallonji and Co’s plea against the NCLT order approving resolution plan of Adani PowerNSE -0.39 % for the debt-ridden Korba West Power Company Ltd.
The Ahmedabad bench of the National Company Law Tribunal (NCLT) had on June 26, 2019 approved the resolution plan by Adani Power for Korba West Power Company, which operates 600 MW thermal power plant in Chhattisgarh’s Raigarh district.
Shapoorji Pallonji, which is an operational creditor of the company has approached the appellate tribunal after the resolution plan provided nil amount against its total claim of Rs 45 crore.
