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Athena Demwe bid: NCLAT rejects Navayuga Engineering Company's plea

The National Company Law Appellate Tribunal rejected Navayuga Engineering s appeal against disqualification from bidding for the Athena Demwe Power project. The Lower Demwe hydroelectric project, delayed due to forest clearances, faced disqualification based on Section 29A of the IBC. A revival plan from Sikkim Power Investment Corporation is awaiting tribunal approval. ....

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