Athena Demwe bid: NCLAT rejects Navayuga Engineering Company's plea
The National Company Law Appellate Tribunal rejected Navayuga Engineering's appeal against disqualification from bidding for the Athena Demwe Power project. The Lower Demwe hydroelectric project, delayed due to forest clearances, faced disqualification based on Section 29A of the IBC. A revival plan from Sikkim Power Investment Corporation is awaiting tribunal approval.
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