Telangana High Court dismisses GVK Gautami Power’s ₹24.28 crore reimbursement plea (opens original article in a new tab)

Telangana High Court rejected GVK Gautami Power's reimbursement request, citing jurisdiction issues and lack of claims by power distribution companies.

• Telangana High Court dismissed GVK Gautami Power's ₹24.28 crore reimbursement plea due to lack of territorial jurisdiction.
• The court noted that power distribution companies did not claim the amount before NCLT or the Insolvency Resolution Professional.
• The judge ordered an investigation into who was responsible for the failure to claim the amount, leading to public exchequer loss.