Insolvency Process Proceeds for Sinnar Thermal Power Despite Ongoing Arbitration and Disputes, Rules NCLAT.

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....Initiation of CIRP - existence of pre-existing disputes - arbitration case pending before the Hon’ble High Court - The NCLAT after discussing all the issues in detail, dismissed the appeal, upholding the Adjudicating Authority's order to admit the CIRP against Sinnar Thermal Power Ltd.....