Adani Power Ltd announced that they have received approval from the National Company Law Tribunal (NCLT) Hyderabad Bench for its Rs 4,101 crore resolution plan to acquire Lanco Amarkantak Power Ltd.
This acquisition is a part of Lanco Amarkantak Power Ltd’s ongoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC).
In its regulatory filing, the company said, “this is to inform that National Company Law Tribunal, Bench at Hyderabad (NCLT), has placed on its website on 22 August22 August, 2024, its order dated 21 August21 August, 2024, approving the resolution plan submitted by Adani Power…
