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CCI approves acquisition of GVK Energy

New Delhi: Competition Commission of India (CCI) approved the CCI approves acquisition proposal involving GVK Energy Limited. It cleared the acquisition of 100% share capital and control of the company by Adani Power Limited. The decision followed a review under competition law provisions. The transaction forms part of the corporate insolvency resolution process under the…

ATS Group: NCLT Approves Withdrawal of Insolvency Proceedings for Nobility Estates After Key Settlement, ETRealty

NEW DELHI: The National Company Law Tribunal (NCLT) has allowed the withdrawal of the corporate insolvency resolution process (CIRP) against Nobility Estates, developer of ATS Group’s residential project Le Grandiose in Noida, after lenders and the erstwhile management reached a settlement. The order was passed by the NCLT Principal Bench comprising Acting President Bachu Venkat…