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Supreme Court allows Adani to operate Coastal Energen power plant without changes until NCLAT ruling | Mint

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The Indian Supreme Court has allowed a consortium led by Adani Power Ltd to operate a power plant owned by Coastal Energen Pvt, which it successfully bid for, overturning an appellate tribunal's interim order. The consortium approached the Supreme Court after the National Company Law Appellate Tribunal directed the resolution professional to take charge of the plant. The Supreme Court restored the status quo ante, allowing the consortium to operate the plant but prohibiting any changes to its infrastructure or finances until a final order is issued. Adani Power's shares rose following the court's decision.