National Company Law Tribunal, Hyderabad has approved JSW Energy Limited‘s ₹ 16,084 crore Resolution Plan for KSK Mahanadi Power Company Limited, a Chhattisgarh-based thermal power company.
JSW Energy Limited submitted the resolution plan under the Corporate Insolvency Resolution Process of KSK Mahanadi Power Company Limited. “Pursuant to the Challenge Process undertaken by the Resolution Professional (RP), the Company’s financial proposal has been declared as the highest financial proposal received by the RP in the Challenge Process,” JSW Energy confirmed in their October 29, 2024 regulatory filing.
KSK Mahanadi Power Company Limited (KMPCL) was admitted into the Corporate Insolvency Resolution Process (CIRP) in October 2019.
