SC upholds Sarda Energy's Rs 1950 crore resolution plan for SKS Power, dismisses power-trio's appeals

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The Supreme Court has dismissed appeals from Torrent Power, Jindal Power, and Vantage Point Asset Management. The court upheld Sarda Energy's Rs 1950 crore resolution plan for SKS Power. Lenders' commercial wisdom is paramount. The National Company Law Appellate Tribunal and National Company Law Tribunal had previously approved Sarda Energy's plan.