NEW DELHI: The Hyderabad bench of the National Company Law Tribunal (NCLT) on Thursday approved the Rs 16,084 crore resolution plan submitted by JSW Energy Limited for KSK Mahanadi Power Company Limited, a Chhattisgarh-based thermal power company.
The corporate insolvency resolution process against KSK Mahanadi Power Company Limited was initiated by Power Finance Corporation Limited in October 2019.
The Resolution Professional (RP) – Sumit Binani – received Rs 32,335 crore claims from different creditors including 19 banks and financial institutions.
In response to the Expression of Interest issued by the RP, a total of 10 Prospective Resolution Applicants (PRA) submitted the Resolution Plan, which includes NTPC Limited, Vedanta Ltd….
