order dated 09.04.2025.
67. Mr.V Dhoot has argued the entire ROFR proceedings should have
occurred offshore since both Videocon Energy Brasil Ltd and BPRL ... contends that Ld.
NCLT has no jurisdiction to determine the exercise of ROFR by BPRL since
the assets are held by Videocon Energy Brasil
Swiss Challenge
Mechanism for value maximization, the Right of First Refusal
("RoFR") could be given to OASPL. The SCC deliberated on the
offer ... sale
of the assets of the CD under Swiss Challenge Mechanism with
RoFR to OASPL, which Application was heard and allowed by
the Adjudicating Authority
Swiss Challenge
Mechanism for value maximization, the Right of First Refusal
("RoFR") could be given to OASPL. The SCC deliberated on the
offer ... sale
of the assets of the CD under Swiss Challenge Mechanism with
RoFR to OASPL, which Application was heard and allowed by
the Adjudicating Authority
where the Appellant himself
has offered the right of first refusal ("ROFR") provided for in the
Quotaholders' Agreement. It is submitted that ... Appellant himself has stated that it is subject to BPRL's ROFR, hence
it is not open to Appellant to object to the proceedings
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