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Vedanta arm Talwandi Sabo Power faces Rs 127 crore penalty
Vedanta's subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab's energy needs. The judgment restores an earlier order from the state regulator.
SC junks plea against green nod for Adani MP project
The Supreme Court has dismissed a petition challenging forest land diversion for an Adani group coal mining project in Singrauli, Madhya Pradesh. The court also rejected a plea against the Madhya Pradesh government's approval. An activist had sought to declare the area an eco-sensitive zone, citing its importance as an elephant corridor and a biodiverse forest.
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Vedanta Arm To Pay Rs 127-Crore Penalty As Supreme Court Rules In Favour Of Punjab State Power Corp
Vedanta further noted that TSPL's equity shares are currently in the process of being listed on the BSE and NSE.
Vedanta says Supreme Court upholds ₹127 crore penalty against Talwandi Sabo Power
Shares of Vedanta Ltd ended at ₹329.75, down by ₹4.10, or 1.23%, on the BSE.
SC stays ₹890 crore GST demand against Tata Steel in ITC dispute
Supreme Court of India has granted a stay on further proceedings in a GST input tax credit dispute involving a tax demand of ₹890.52 crore for the period FY2018-19 to FY2020-21, informed Tata Steel.
No status quo on Adani Port land: Supreme Court
The Supreme Court clarified it did not order a status quo on 108 hectares of grazing land allotted to Adani Ports in Gujarat, rejecting villagers' claims. The apex court stated the written order did not mention status quo and imposed a symbolic cost of ₹2,000 each on the villagers for their clarification applications.
Supreme Court refuses to stay Adani’s JAL resolution plan in setback for Vedanta
The Supreme Court allowed Adani Enterprises’ JAL resolution plan to proceed but said major decisions need NCLAT approval, while agreeing to hear Vedanta’s challenge on April 10.
SC to hear Vedanta's stay plea against Adani's Jaiprakash Associates takeover
Vedanta, owned by Anil Agarwal, had outbid Adani Group in one of the largest and most keenly tracked insolvency cases in the country. The committee of creditors, though, opted for the resolution plan offered by the Adani Group because of higher upfront payments. Vedanta has told the Supreme Court that the insolvency process lacked transparency and failed to maximise value for creditors. It alleged that the process followed by JAL's committee of creditors in approving the plan of the Adani Group was "unfair, opaque, and inequitable".
New era of trade volatility: What the court’s decision and Trump’s tariff pivot mean for commodities
The U.S. Supreme Court blocked Donald Trump’s sweeping tariffs under IEEPA, but his swift 15% global levy revived uncertainty. The ruling jolted global trade dynamics, pressured the dollar, lifted gold and silver, and heightened volatility across energy and base metals markets.
Sarda Energy shares gain 8% after SC dismisses plea of unsuccessful bidders for SKS Power acquisition
The Supreme Court order has cleared the final obstacle for Sarda Energy in acquiring SKS Power.
Supreme Court says repeated challenges by unsuccessful bidders erode IBC’s framework
The SC upheld the resolution plan of Sarda Energy & Minerals Ltd for SKS Power Generation (Chhattisgarh) and dismissed appeals filed by Torrent Power, Jindal Power and Singapore-based Vantage Point Asset Management