Adani Power has informed that the Committee of Creditors (‘COC’) of Vidarbha Industries Power (‘VIPL’), a company undergoing Corporate Insolvency Resolution Process (‘CIRP’) under the Insolvency and Bankruptcy Code 2016 (‘IBC’) has approved the Resolution Plan submitted by the company (‘APL’). In this regard, APL has received a Letter of Intent (‘LOI’) from the Resolution Professional (‘RP’) on February 24, 2025 at 9:22 am. VIPL owns and operates a 2x300 MW (600 MW) thermal power plant located in MIDC Industrial Area, Butibori, Nagpur, Maharashtra. The implementation of the resolution plan is subject to the terms of the LOI and requisite approvals from the National Company Law Tribunal, Mumbai and / or any other regulatory authority / courts / tribunal (as the case may be) under applicable laws.
The above information is a part of company’s filings submitted to BSE.
