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Not All Disputes Are Amenable To The Jurisdiction Of Electricity Commission: PPAs Cannot Be Terminated During Moratorium

The Hon’ble Supreme Court in its order dated 08.03.2021 in the matter titled Gujarat Vikas Nigam Limited Vs. Mr. Amit Gupta & Ors. (“Instant Matter”),while upholding order of the National Company Law Appellate Tribunal (“NCLAT”) held that National Company Law Tribunal (“NCLT”) has jurisdiction to adjudicate contractual disputes which arise solely from or which relate […]

Powergrid Corporation Raises Rs 2,736 Crore Through InvIT OFS

NCLT can decide disputes related to insolvency of corporate debtor, says Supreme Court

The Supreme Court on Monday held that National Company Law Tribunal (NCLT) has jurisdiction to decide disputes in connection with the insolvency of a corporate debtor. In a 138-page judgment, a bench of Justices D.Y. Chandrachud and M.R. Shah said: “NCLT has jurisdiction to adjudicate disputes, which arise solely from or which relate to the […]

Extension of Date for Submitting Comments On Draft NEP 2021

NCLT begins insolvency process of ReGen Powertech

The National Company Law Tribunal (NCLT) ordered the commencement of a corporate insolvency resolution process of ReGen Powertech on December 9, the interim resolution professional said in a notice dated December 13 in the Times of India. Bengaluru: A tribunal has started insolvency proceedings in the case of Chennai-based wind turbine manufacturer ReGen Powertech, emphasising […]

Extension of Date for Submitting Comments On Draft NEP 2021

NCLAT to hear Shapoorji Pallonji’s plea on Adani Power bid for Korba West Power on Oct 15

The Ahmedabad bench of the National Company Law Tribunal (NCLT) had on June 26, 2019 approved the resolution plan by Adani Power for Korba West Power Company NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has said it will hear on October 15 Shapoorji Pallonji and Co’s plea against the NCLT order approving resolution […]

Extension of Date for Submitting Comments On Draft NEP 2021

IL&FS proposes to NCLT sale of wind energy assets to ORIX of Japan

The proposal has been filed before the Tribunal after completing binding Share Purchase Agreement with ORIX Corporation and obtaining “in-principle” approval from all lenders for completing this transaction, subject to NCLT approval. Mumbai: Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix […]

Sungrow to Construct Malawi’s First Solar Plus Storage Project