Market sensitivity is high ahead of the result of the Lok Sabha elections 2024, echoing past volatilities like the 2004 trading halts and 2009 surges.Brokerages are tightening trading capabilities, limiting investors ability to leverage their credit balances amid election-related uncertainties
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.
The National Company Law Appellate Tribunal (NCLAT) has ordered a status quo on Sarda Energy & Minerals Ltd (SEML) s bid to take over SKS Power Ltd responding to the company s plea against a lower court s order which had asked lenders to reconsider their decision to declare SEML as the winning bidder.
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Torrent Power and Vantage Point Asset Management have appealed against the decision to award bankrupt SKS Power Generation to Sarda Energy & Minerals, alleging bias in the evaluation process. Both companies are seeking the court s direction to reconsider their plans and provide another opportunity to offer better value.