NCLAT asks RP to bring on record e-mail sent to successful bidder Sarda Energy seeking clarification
NCLAT on Wednesday directed the resolution professional of SKS Power Generation to submit and bring on record the e-mail sent to the successful bidder, Sarda Energy and Mining on May 8, 2023, seeking clarifications over its resolution plan. A three-member bench has directed the RP to file an affidavit with the e-mail having communications between the SRA (successful resolution applicant) Sarda Energy and the RP and directed to list the matter on August 30 for the next hearing.
NCLAT was hearing the appeals filed by Torrent Power and Singapore-based Vantage Point Asset Management Pte, against the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which on August 13, approved Sarda Energy and Mining's (SEML) bid.
Both the petitioners were also in the race to acquire the debt-ridden thermal power producer and opposed the selection of SEML's bid by the CoC. NCLT had rejected their pleas against approval of SEML's bid.
On Wednesday, when arguments resumed before the National Company Law Appellate Tribunal (NCLAT), the Chairman observed that the petitioners raised only two issues and one of them was about the e-mail from RP and the lenders on May 8, 2023.
He asked the counsel representing RP and the Committee of Creditors (CoC) to submit that e-mail, which was agreed upon.
«The counsel of resolution professional seeks liberty to bring on record the e-mail dated May 8, 2023, which was sent to SRA (Sarda Energy and Mining),» said the NCLAT order.
The RP also said he would keep all «other relevant
