Adani Power ko ₹4,000 Cr Vidarbha Industries Acquisition mein NCLAT se jeet mili

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AuthorVihaan Mehta|Published at:
Adani Power ko ₹4,000 Cr Vidarbha Industries Acquisition mein NCLAT se jeet mili
Overview

Adani Power Ltd ki ₹4,000 crore wali Vidarbha Industries Power Ltd (VIPL) ki acquisition ko National Company Law Appellate Tribunal (NCLAT) ne manzoori de di hai. Tribunal ne Western Coalfields aur ek employee ke objections ko dismiss kar diya, jisse Adani ka India ka sabse bada private thermal power producer banna aur deal ko safal banana aasan ho gaya.

Adani Power Ltd ko Vidarbha Industries Power Ltd (VIPL) ki ₹4,000 crore ki acquisition mein National Company Law Appellate Tribunal (NCLAT) se badi jeet mili hai. Tribunal ne Western Coalfields aur VIPL ke ek employee dwara file ki gayi appeals ko kharij kar diya hai, jisse Adani India ka sabse bada private thermal power producer banne ki race mein aur mazboot ho gaya hai. Yeh faisla acquisition process mein ek bada obstacle clear karta hai.

Legal Objections Dismissed

Appellate tribunal ne challenges mein koi dam nahi paya, aur kaha ki Insolvency & Bankruptcy Code (IBC) ka koi violation nahi hua hai. Petitioners ne claim kiya tha ki Adani Power ka resolution plan corporate insolvency resolution process (CIRP) ke 180-day period ke baad approve hua. Lekin NCLAT ne bataya ki Committee of Creditors (CoC) ne February 2025 mein resolution plan approve kiya tha, jo September 30, 2024 ko shuru hue 180-day window ke andar tha. Tribunal ne yeh bhi note kiya ki approved plan NCLT ko March 11, 2025 ko submit kiya gaya tha, jo timeline violation ke claims ko aur kamzor karta hai.

Timelines Aur Code Provisions Ka Palan

Adani Power ke counsel ne successfully argue kiya ki company ka resolution plan, jisme April 1, 2025 ko approved modifications bhi shamil hain, IBC ke Section 30(2) ka compliance karta hai. NCLAT is baat par sehmat hua, aur kaha ki CoC dwara February 2025 mein plan ka approval aur uske baad NCLT mein submission, dono prescribed legal frameworks ke andar the. Yeh judicial backing, distressed assets ki acquisition ke through Adani Power ke strategic expansion ko support karta hai.

Creditor Rights Aur Essar Steel Precedent

Is ruling ne creditors ke equitable treatment par bhi focus kiya. NCLAT ne confirm kiya ki financial aur operational creditors ko resolution plan ke tehat identical payments milna zaruri nahi hai, aur Supreme Court ki Essar Steel case mein di gayi stance ka reference diya. Yeh principle differential treatment allow karta hai, yeh acknowledging karte hue ki 'unequals cannot be treated equally', jo complex insolvency proceedings mein ek mahatvapurna point hai.

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