Acquisitions27 Feb 2026, 01:13 pm
Supreme Court Upholds Sarda Energy & Minerals' Acquisition of SKS Power Generation
AI Summary
Sarda Energy & Minerals Ltd. has announced that the Hon'ble Supreme Court has rejected all appeals against the approval of their Resolution Plan by the Hon'ble NCLT. This plan involves the acquisition of SKS Power Generation (Chhattisgarh) Ltd. under the Corporate Insolvency Resolution Process (CIRP). The detailed order from the Supreme Court is yet to be received.
Key Highlights
- Supreme Court rejects all appeals against Sarda Energy & Minerals' Resolution Plan
- Plan involves acquisition of SKS Power Generation (Chhattisgarh) Ltd.
- Acquisition approved by Hon'ble NCLT on 13.08.2024
- Detailed order from Supreme Court awaited
- Sarda Energy & Minerals Ltd. continues to expand its portfolio