NCLT Chennai hearing on amalgamation scheme of AAPEX Power into PPN Power.
Majority of creditors approved, but key unsecured creditor TANGEDCO opposed with 94.21% debt.
Scheme requires approval from unsecured creditors which was not obtained due to single large objection.
Matter adjourned to 6 May 2026 for hearing on TANGEDCO's objections to the scheme.