NCLAT Upholds Adani Power's Rs 4,000-Crore Acquisition of Vidarbha Industries Power

The National Company Law Appellate Tribunal (NCLAT) upheld Adani Power Ltd's Rs 4,000-crore acquisition of Vidarbha Industries Power by confirming the Mumbai bench of NCLT's June 18, 2025 order. The tribunal dismissed petitions by Western Coalfields and an employee challenging the approval, stating objections lacked merit and the resolution plan complied with the Insolvency Bankruptcy Code. Petitioners alleged procedural violations regarding the timeline and modifications of the resolution plan, but NCLAT found no grounds to interfere.