According to bankers, out of the 20 power projects that were referred to the NCLT, eight are likely to be resolved outside the bankruptcy court. The corporate affairs ministry on Monday moved NCLT seeking to reopen and restate the financial statements of CG Power & Industrial Solutions under Section 130 of the Companies Act for financial years 2015 to 2019. MCA wants accounts of fraud-hit CG Power to be restated Sources said MCA has filed a petition before the Mumbai-bench of the National Company Law Tribunal (NCLT) seeking permission to re-open the books of account and recast the financial statements of CG Power and its subsidiary companies for the past five financial years beginning 2014-15. Limited 1,200 Completed NA 600 70 Could be bidded in next 15 days 7 Damodar Valley Corporation Raghunathpur 1,200 Completed 550 550 23 Resolved 8 DB Power Limited 1,200 Completed 600 518 67 Resolved 9 East Coast Energy Pvt. NTPC has outbid the Adani Group for the Avantha Group’s 600 MW Jhabua power plant in Madhya Pradesh, reported The Times of India. With relation to Avantha Power (Jhabua) an Rs 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT. 5 Avantha Power (Korba) 600 Completed 600 0 31 To be referred to NCLT 6 Coastal Energen Pvt. Avantha Korba West Power Station is a power project located near Kirorimalnagar railway station in Raigarh district in Indian state of Chhattisgarh.The power plant is one of the coal based power plants of Korba West Power Company Limited, a wholly owned subsidiary of Gautam Thapar led Avantha Group.. BHEL is EPC contractor for this power plant. With relation to Avantha Power (Jhabua) an Rs 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT. Avantha Korba West Power Station is a power project located near Kirorimalnagar railway station in Raigarh district in Indian state of Chhattisgarh.The power plant is one of the coal based power plants of Korba West Power Company Limited, a wholly owned subsidiary of Gautam Thapar led Avantha Group.. BHEL is EPC contractor for this power plant. With relation to Avantha Power (Jhabua), an Rs 100 crore settlement for the PFC got stalled after one of the operational creditors took the asset to the NCLT.
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