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The Economic Times

Economy / The Economic Times

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NCLAT sets aside Zaveri Group's bid for Gujarat Hydrocarbons and Power SEZ

The NCLAT has overturned Zaveri Group's resolution plan for GHPSL. This decision mandates a restart of the insolvency process with new bids. The appellate tribunal cited an unverified presumption regarding SEZ de-notification. It also highlighted errors in the initial information memorandum provided. Consequently, fresh expressions of interest will now be invited.

4 Sep 2026 8:49 pm