Axis Bank Limited and State Bank of India filed company petitions against Vidarbha Industries Power Limited, which were later assigned to CFM Asset Reconstruction Private Limited.

The Corporate Insolvency Resolution Process (CIRP) was initiated against Vidarbha Industries Power Limited, and Mr. Bimal Kumar Agarwal was appointed as the Interim Resolution Professional (IRP).

CFM Asset Reconstruction Private Limited was the sole member of the Committee of Creditors (CoC).

The Resolution Professional (RP) invited Expression of Interest (EOI) from prospective resolution applicants, and received EOIs from 10 PRAs.

Adani Power Limited's resolution plan was unanimously approved by the CoC after a challenge process.

Axis Bank Limited and State Bank of India filed company petitions against Vidarbha Industries Power Limited, which were later assigned to CFM Asset Reconstruction Private Limited.

The Corporate Insolvency Resolution Process (CIRP) was initiated against Vidarbha Industries Power Limited, and Mr. Bimal Kumar Agarwal was appointed as the Interim Resolution Professional (IRP).

CFM Asset Reconstruction Private Limited was the sole member of the Committee of Creditors (CoC).

The Resolution Professional (RP) invited Expression of Interest (EOI) from prospective resolution applicants, and received EOIs from 10 PRAs.

Adani Power Limited's resolution plan was unanimously approved by the CoC after a challenge process.