NEW DELHI, Jan 21, 2026, 11:25 IST
- India’s insolvency appellate tribunal has confirmed Adani Power’s Rs 4,000 crore resolution plan for Vidarbha Industries Power
- Western Coalfields and an employee representative had their appeals dismissed
- The ruling supports the payout framework but emphasizes that provident fund and gratuity payments must be settled in full
India’s insolvency appellate tribunal has given the green light to Adani Power’s 4,000-crore rupee resolution plan for Vidarbha Industries Power, removing a major legal obstacle for the acquisition of the 600-megawatt thermal plant in Maharashtra. (ETEnergyworld.com)
This decision cuts down the scope for last-minute hurdles that frequently bog…