Archive · 19 Jan 2026
NCLAT Upholds Adani Power's Acquisition of Vidarbha Industries
The National Company Law Appellate Tribunal (NCLAT) has confirmed that Adani Power Ltd can buy Vidarbha Industries Power.
The deal was worth Rs 4,000 crore.
Some people tried to stop the deal, but the court said no.
The court also said that the deal followed all the rules and was approved on time.
The court explained that different creditors can get different amounts of money, which is allowed by the law.
NCLAT upheld the acquisition of Vidarbha Industries Power by Adani Power Ltd.
The resolution plan was approved by the Mumbai bench of NCLT on June 18, 2025.
Petitions challenging the deal by Western Coalfields and Pradeep Sot were dismissed.
The resolution plan was compliant with the Insolvency & Bankruptcy Code (IBC).
The Committee of Creditors (CoC) approved the resolution plan within the 180-day period.
- Who
- Adani Power Ltd (APL) and Vidarbha Industries Power
- What
- NCLAT upheld the acquisition of Vidarbha Industries Power by Adani Power
- When
- NCLAT judgment was passed on January 16, 2026
- Where
- National Company Law Appellate Tribunal (NCLAT)
- Why
- The resolution plan was compliant with IBC and approved by the CoC and NCLT
- Acquirer
- Adani Power Ltd (APL)
- Acquired Company
- Vidarbha Industries Power
- Resolution Plan Value
- Rs 4,000 crore
- NCLT Approval Date
- June 18, 2025
- NCLAT Judgment Date
- January 16, 2026
- Petitioners
- Western Coalfields and Pradeep Sot
- CIRP Commencement Date
- September 30, 2024
- 180-Day Period End Date
- March 28, 2025