NSL Nagapatnam Power and Infratech Limited is engaged in the business of generation and sale of power and other infrastructure activities related to the business of thermal power. 

• The Company was admitted to Corporate Insolvency Resolution Process in accordance with the section 10 of the Insolvency and Bankruptcy Code, 2016 read with the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process of Corporate Person) Regulations by an order of the Hon’ble National Company Law Tribunal, Hyderabad Bench (“NCLT”) in the Company Petition CP (IB) No. 306/10/HDB/2017, 2016 vide its order dated 18^th January, 2018 where Mr. Venkateswarlu Kari was appointed as Interim Resolution Professional and subsequently his appointment was confirmed as Resolution Professional by the Hon’ble NCLT.
• Further in 2023, the members of the Committee of Creditor (CoC) have consented to replace the erstwhile Resolution Professional with Mr. Navneet Kumar Gupta, an Insolvency Professional having IBBI Registration Number IBBI/IPA-001/IP-P00001/2016-17/10009 in accordance with section 27 of the Insolvency and Bankruptcy Code, 2016 (“the Code”) and moved an application before the Hon’ble NCLT vide IA No. IA (IBC)/987/2023, wherein the Hon’ble NCLT was pleased allow the application and have sent the said proposal for the confirmation with IBBI where the Board (IBBI) has confirmed the appointment of the existing Resolution Professional. vide its letter dated 04^th October 2023.