NCLT approves JSW Energy's 16k cr bid for KSK Mahanadi
Friday, 14 February 2025
The National Company Law Tribunal has approved JSW Energy's resolution plan for KSK Mahanadi Power Company, resulting in a Rs 16,000 crore upfront cash recovery for creditors. Creditors will also receive a 26% stake in the company. The resolution, involving substantial financial players, emphasizes NCLT's commitment to expedite high-value cases.
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