The Hyderabad bench of the National Company Law Tribunal (NCLT) on 10 August approved the resolution plan submitted by Vedanta Ltd for Nellore, Andhra Pradesh-based Meenakshi Energy. The resolution plan offers to pay Rs 1,440 crore to creditors of Meenakshi Energy, which owes over Rs 4,625 crore to its financial as well as operational creditors. […]
