JSW Energy Ltd announced on Monday (January 13) that it had been deemed the successful applicant for the resolution plan submitted for KSK Mahanadi Power Company Ltd (KMPCL) under the corporate insolvency resolution procedure (CIRP) of the Insolvency and Bankruptcy Code, 2016.

The resolution professional sent the company a letter of intent (LoI) after the Committee of Creditors approved the resolution plan. The transaction will not be completed until the National Company Law Tribunal and the Competition Commission of India get the requisite regulatory clearances.

KMPCL owns and operates a 3,600 MW thermal power station in Chhattisgarh that uses local coal. Currently, 1,800 MW (600 MW x 3 units) is operating, with 95% tied up in long-…

New Delhi: JSW Energy on Monday announced it has emerged as a successful applicant to acquire KSK Mahanadi Power Company, which owns 3,600 MW thermal power plants, under insolvency proceedings. This follows the approval by the Committee of Creditors, with the closure of the transaction subject to the necessary regulatory approvals from the National Company Law Tribunal and Competition Commission of India, a company statement said.

JSW Energy has been declared a successful applicant and received a letter of intent (LoI) from the Resolution Professional for its resolution plan submitted for KSK Mahanadi Power Company Ltd (KMPCL) under the corporate…

JSW Energy share price: Shares of JSW Energy will be on investors’ radar on Tuesday, January 14, as the company on Monday announced it has emerged as a successful applicant to acquire KSK Mahanadi Power Company, which owns 3,600 MW thermal power plants, under insolvency proceedings.

This follows the approval by the Committee of Creditors, with the closure of the transaction subject to the necessary regulatory approvals from the National Company Law Tribunal and Competition Commission of India.

Phil Mickelson called his previous gambling habits “reckless” and “embarrassing” as he opened on his troubled past after arriving in London for the opening LIV Golf Invitational event.

Writer Alan Shipnuck’s biography on Mickelson reported that the six-time major winner suffered gambling losses of over $40 million (A$56m) between 2010 and 2014.

Mickelson says that “hundreds of hours of therapy” have since helped him overcome his gambling addiction.

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“My gambling got to a point of being reckless and embarrassing. I had to address it,” Mickelson said in an interview with SI.com. “I’ve been addressing it for a number of…

The number of Australians betting on sport has doubled in five years, and a third of spending on bets is placed by people with a gambling problem, according to new polling.

Roy Morgan polling of 16,000 Australians found 15.5% had bet on sport in the 12 months to March. It also revealed problem gamblers made up almost 20% of some sports betting companies’ customer base.

The polling implied 3.26 million Australians had made a sports wager in the year to March – more than double the 7% found to have bet between April 2019 and March 2020.

The results were released on Tuesday by the Alliance for Gambling Reform to mark the first anniversary of a major parliamentary report calling for a ban on online gambling ads and making other…

Auburn senior quarterback Payton Thorne on Tuesday said criticism after losses, such as Saturday’s defeat to California, has included requests for money from bettors.

Thorne, appearing on “The Next Round,” said bettors have messaged him on Venmo, asking for money.

“They’re definitely not sending cash,” Thorne, who had four passes intercepted in the 21-14 loss to Cal on Saturday, said with a chuckle. “It’s funny. When they lose money, they want their money back. But when they win money on a parlay, no one’s ever sent me any of the money.”

Thorne made light of the requests for money during his…

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By Ben Zigterman · January 7, 2025, 6:09 PM EST

Bankrupt electric vehicle battery maker Northvolt AB asked its shareholders to vote Wednesday on keeping the business going, in a move a company spokesperson called a “procedural step” consistent with Swedish…

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WASHINGTON (AP) — Despite failing to deliver his promise for broad student loan forgiveness, President Joe Biden has now overseen the cancellation of student loans for more than 5 million Americans — more than any other president in U.S. history.

In a last-minute action on Monday, the Education Department canceled loans for 150,000 borrowers through programs that existed before Biden took office. His administration expanded those programs and used them to their fullest extent, pressing on with cancellation even after the Supreme Court rejected Biden’s plan for a new forgiveness policy.

“My Administration has taken historic action to reduce the burden of student debt, hold bad actors accountable, and fight on…