Supreme Court upholds Adani Power resolution plan
pre-market1 source ↓written by the desknot a recommendation
- by UPJVNL
- ₹12 cr
- value of just
- ₹1
The Supreme Court upheld the insolvency resolution plan for Essar Power MP Limited, rejecting an appeal from UP Jal Vidyut Nigam Limited (UPJVNL). The court ruled that the claims of over ₹12 cr by UPJVNL were classified as contingent, admitting them at a nominal value of just ₹1. This decision reinforces the resolution plan already implemented, impacting the power sector significantly.
Not investment advice. For informational purposes only.