Vidarbha Industries is a subsidiary of Anil Ambani s Reliance Power. Varde Partners, bidding alongside Aditya Birla ARC, had also offered to fund the promoter s one-time settlement offer of ₹1,260 crore, but the lenders did not proceed with it
The Supreme Court (SC) on Thursday dismissed a review petition filed by Axis Bank Ltd against a recent order passed by the apex court in the corporate insolvency resolution process (CIRP) for Vidarbha Industries Power Ltd, says a report from Bar & Bench.
Vidarbha Industries Power: SC Admits Axis Bank s Review Petition on Claims of Financial Creditor under IBC moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.