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NCLAT approves demerger scheme for RGPPL category
March 12, 2018
Source: Economic Times

NCLAT approves demerger scheme for RGPPL

The demerger scheme for Ratnagiri Gas and Power and Konkan LNG has been approved by the National Company Law Appellate Tribunal (NCLAT). The ‘Long Stop Date’ for the demerger of companies has been extended to March 31, 2018. Ratnagiri Gas was incorporated with the aim to take over and revamp the assets of Dabhol Power Company Project. The demerging is expected to expand the business growth prospects.

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