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NCLT halts Hiranmaye Energy resolution plan

NCLT halts Hiranmaye Energy resolution plan
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Adani, Jindal Power may join race for Hiranmaye Energy: Sources

Adani Power and Jindal Power are reportedly among the companies expected to express interest in the acquisition of Hiranmaye Energy, a thermal power company that recently entered corporate insolvency. Sources familiar with the matter have indicated that Hiranmaye Energy, formerly known as India Power Corp (Haldia), underwent corporate insolvency proceedings earlier this month following a petition filed by REC. ....

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BHEL challenges REC's plea for HEL insolvency

"Admission of REC s application against HEL would bring moratorium and the execution petition of BHEL would get stalled, a person aware of the developments told ET. "The only remedy in such a situation would be to file its claim before the resolution professional, which is unlikely to be converted to cash." ....

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