The National Company Law Appellate Tribunal (NCLAT) in Delhi has officially upheld Adani Power Limited's ₹4,000-crore resolution plan for Vidarbha Industries Power Limited (VIPL). This significant ruling, issued on January 16, 2026, dismisses appeals filed by Western Coalfields Limited and employees of VIPL, who had challenged the plan's approval. The NCLAT's two-member bench confirmed the earlier decision by the National Company Law Tribunal (NCLT) Mumbai bench, which had approved Adani Power's plan on June 18, 2025. The tribunal concluded that the appeals lacked merit and found no violations of the Insolvency and Bankruptcy Code (IBC) provisions. The NCLAT further stated that the resolution plan was compliant with all statutory requirements and that the Committee of Creditors (CoC) had exercised proper commercial discretion in a fair and lawful manner. This decision marks a crucial milestone for Adani Power, confirming its acquisition of VIPL's 600 MW thermal power asset located in Butibori, Nagpur district, Maharashtra. The resolution process for VIPL, which operates a 2x300 MW coal-fired power plant, commenced on September 30, 2024. Adani Power's successful defense of the resolution plan underscores the judiciary's support for the IBC's objective of resolving distressed assets and further strengthens Adani Power's position as a major player in India's energy sector.