The National Company Law Tribunal has instructed the lenders of SKS Power Generation to reconsider the resolution plan submitted by Sarda Energy & Minerals. The plan, which offered Rs 1800 crore, had been approved by the Committee of Creditors. However, two other bidders, Torrent Power and Vantage Point Asset Management, have alleged bias in the evaluation process and are seeking a fresh opportunity to offer a higher value. SKS Power Generation owns two operational power plants with a total capacity of 600 MW.
