Adani consortium seeks urgent SC intervention over NCLAT's status quo order in Coastal Energen case

The Dickey Alternative Investment Trust and Adani Power consortium have moved the Supreme Court against NCLAT's order to maintain the status quo in Coastal Energen's insolvency process. The consortium had implemented a ₹3,335 crore resolution plan approved by NCLT, but faces challenges from former director Ahmed Buhari over procedural lapses.