Alpha Corp Resolution Restored, GNIDA Dues Waived

Supreme Court set aside NCLT orders approving Roma and Alpha resolution plans, directing GNIDA to waive penal interest and recalculate dues.
GNIDA’s claims of ₹148.37 cr and dues were reduced, with payment to be made by Alpha and Roma over 24 months starting July 2026.
The Court held subsidiary lease assets cannot be treated as EIL’s assets in CIRP and made GNIDA a party to insolvency process.
Civil appeals were allowed or dismissed; status‑quo order lifted and resolution plans restored for Earth Towne, Earth Sapphire and Earth TechOne projects.