The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Power's bid for Korba West Power's 2019 Resolution Plan and directed Shapoorji Pallonji & Co to continue arbitration procedures for the remaining claims. "There is no illegality in the order of the Adjudicating Authority's (NCLT) approval of the resolution plan, and it does not see any reason to set aside the resolution plan by Adani Power," a two-member NCLAT bench stated. The appellate panel was hearing a plea submitted by Shapoorji Pallonji & Co, challenging a judgment issued by the Ahmedabad Bench of the National Company Law Tribunal (NCLT) on June 24, 2019, sanctioning Adani Power's resolution plan. Shapoorji Pallonji & Co had claims for Rs 45.22 crore, and arbitration was underway.