Inox Green Energy gets NCLT nod for Wind World resolution plan

Inox Green Energy Services Ltd announced that the National Company Law Tribunal (NCLT), Ahmedabad Bench, has orally approved the resolution plan submitted by a consortium comprising Inox Neo Energies Limited and Authum Investment & Infrastructure Limited for Wind World (India) Limited (WWIL). This approval follows the committee of creditors' earlier acceptance of the plan. The resolution plan involves INOXGFL Group companies acquiring WWIL's independent power producer (IPP) and operations and maintenance (O&M) businesses, while Authum and its affiliates will acquire certain real estate and other assets. A detailed disclosure will be made upon receipt of the written order.