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SKS Power resolution faces roadblock as HC orders CBI probe

Torrent Power and Sharda Energy and Power are the two entities in the fray to acquire the 600 MW power generation company. The committee of creditors last year approved a ₹1,800-crore debt resolution plan for Sharda Energy. However, Torrent Power claimed it gave a higher offer and alleged an improper sale process. ....

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SKS Power resolution hits NCLT roadblock

The development comes after counsel for the resolution professional of SKS filed an application for the approval of the resolution plan submitted by Nagpur-based Sarda Energy, the successful resolution applicant. ....

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