Comments
The National Company Law Appellate Tribunal (NCLAT) has issued a notice to the Gujarat Urja Vikas Nigam (GUVNL) after IL&FS approached the tribunal seeking the release of ₹145 crore held by the power distribution company.
IL&FS told the NCLAT bench headed by Justice S.J. Mukhopadhaya that (GUVNL) the Gujarat distribution company has withheld payment to five IL&FS wind energy companies. These subsidiary companies are Kaze Energy Limited, Ratedi Wind Power Private Limited, Tadas Wind Energy Private Limited and Khandke Wind Energy Private Limited, the order said.
The tribunal added that notice be issued to GUVNL, for alleged violation of the order passed by NCLAT.
The matter will now be heard on October 15.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.