NCLAT issued notice on appeals challenging approval of Damodar Valley Corporation's resolution plan for Hiranmaye Energy Limited.
Appellant Rankini Power contends CCI approval was mandatory under Competition Act Section 5 for the acquisition combination.
Respondents refute CCI applicability, citing delays in CIRP process completion due to interventions.
Tribunal granted 10 days for reply, 3 days for rejoinder, and listed appeals for April 10, 2026 hearing.