 "SKS Power Generation")
Torrent Power has claimed to be the highest bidder for SKS Power Generation.
The lenders of SKS Power Generation have received an upfront payment of Rs 1,950 crore from Sarda Energy and Mining, the successful bidder for the debt-ridden thermal power producer, the insolvency appellate tribunal NCLAT was informed on Tuesday.
Moreover, allegations of “malafide” intention or aligning towards any party while approving the resolution plan from Sarda Energy were also rejected during the proceedings of the NCLAT by senior advocate Mukul Rohatahi, representing the lenders.
A proper evaluation was made based on the earlier direction given by the NCLAT in this matter and a “clear…
