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NCLAT allows Sarda Energy to seek tribunal nod for its SKS Power offer

The National Company Law Appellate Tribunal (NCLAT) has granted permission to Sarda Energy & Minerals (SEML) to pursue a final approval from the bankruptcy court for its bid for SKS Power Generation. This decision overturns the lower court s ruling in October, which instructed the committee of creditors (CoC) to review its selection of SEML as the recipient of the 600 MW power producer. ....

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NCLAT Stays NCLT's Insolvency Order against Dream11

The national company law appellate tribunal, while staying an order passed by the Mumbai bench of the national company law tribunal (NCLT) to initiate a corporate insolvency resolution process (CIRP) against Sporta Technologies Pvt Ltd, the parent of Dream11 fantasy sports platform, has directed the resolution professional (RP) not to take further steps in the resolution process. ....

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