NCLT approves ₹3,800 crore plan for Sinnar Thermal Power
after close1 source ↓written by the desknot a recommendation
- resolution plan
- ₹3,800 crore
- from the Committee
- 100% approval
The National Company Law Tribunal (NCLT) in Delhi has approved a ₹3,800 crore resolution plan by MAHAGENCO and NTPC to revive the defunct Sinnar Thermal Power Limited. The plan received 100% approval from the Committee of Creditors, meeting all requirements under the Insolvency and Bankruptcy Code (IBC). This move is expected to enhance operational capacity in the power sector ⚡.
Not investment advice. For informational purposes only.