Access Denied

Access Denied You don’t have permission to access “http://www.financialexpress.com/business/news/unsuccessful-bidders-cannot-raise-objections-on-the-decisions-of-lenders-sc/4156956/” on this server. Reference #18.cd672817.1772202537.8b399232 https://errors.edgesuite.net/18.cd672817.1772202537.8b399232 Read the original article here

Sarda Energy & Minerals Share Price Up 5.8% After Supreme Court Upholds SKS Power Resolution Plan

Sarda Energy & Minerals Ltd shares were up 5.80% after the company informed that the Supreme Court had rejected all appeals filed by unsuccessful resolution applicants against approval of its resolution plan for SKS Power Generation (Chhattisgarh) Ltd, removing the final judicial overhang on the acquisition process. The disclosure, addressed to both BSE Ltd and…

JSW Energy Secures Rail Infrastructure Amidst Insolvency Proceedings

1. THE SEAMLESS LINKThe acquisition of Raigarh Champa Rail Infrastructure (RCRIPL) by JSW Energy Ltd. represents a calculated move to further verticalize its operations, securing essential logistics for its growing power generation capacity. This strategic integration follows JSW Energy’s consistent pattern of acquiring distressed assets through insolvency processes to enhance operational synergies and cost efficiencies.…

Bankruptcy Court approves Raigarh Champa rail infrastructure’s acquisition by JSW Energy

The bankruptcy court has recently approved Raigarh Champa Rail Infrastructure’s acquisition by JSW Energy Ltd through the insolvency resolution process. Sajjan Jindal-owned JSW Energy has proposed a Rs 700 crore revival plan against the company’s admitted liabilities of about Rs 543 crore, resulting in a recovery of about 129% for the lenders. Before the National…