Sukavala Renewable Energy Merger Seeks Unsecured Creditor Meetings

Five renewable energy companies seek NCLT approval to convene meetings for unsecured creditors as part of a merger scheme.
Equity shareholders, preference shareholders, secured creditors, and debenture holders have already provided 100% consent for the proposed amalgamation.
The tribunal has reserved its order on the application to convene the remaining unsecured creditor meetings for Transferor Nos. 2, 3, 4 and the Transferee Company.