NCLT approves Powerlinks Transmission's scheme to reclassify ₹78.83 crore from general reserves to retained earnings for potential shareholder distribution.
Company resolved MSME dues of ₹279.68 lakhs, with only ₹3.35 lakhs retention amount pending contractual completion.
Income Tax Department issued no objection with safeguards ensuring tax compliance on any future dividend distributions.
Official Liquidator and Regional Director raised no objections to the scheme after company addressed all observations.