Adani Power wins key tribunal nod for Rs 4,000 crore Vidarbha plant takeover
India’s insolvency appellate tribunal approved Adani Power’s Rs 4,000 crore resolution plan for Vidarbha Industries Power, dismissing appeals from Western Coalfields and an employee representative. The tribunal upheld the payout structure but ordered full payment of provident fund and gratuity dues. The decision removes a key obstacle to Adani’s acquisition of the 600 MW Maharashtra plant. Court documents show creditor approval was secured in February 2025.