Coastal Energen Insolvency : Supreme Court Allows Dickey Trust-Adani Power Resolution Plan To Operate Till NCLAT Final Decision

The Supreme Court allowed the resolution plan proposed by Dickey Trust and Adani Power to operate in the Coastal Energen insolvency case until the final decision by the NCLAT. The court’s decision ensures that the resolution process continues without disruption and that the plan’s implementation proceeds as per the agreed terms. This ruling highlights the court’s role in facilitating the resolution of insolvency cases and ensuring that approved plans are upheld until a final judgment is rendered.