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KSK MAHANADI POWER
NCLT allows fresh round of bidding for KSK MahanadiThe National Company Law Tribunal (NCLT) has allowed KSK Mahanadi Power Company Ltd's committee of creditors (CoC) to invite fresh bids for...07 Jun, 2024, 12.19 AM IST- KSK Mahanadi to NCLT: Change of circumstances calls for fresh biddingKSK Mahanadi Power Company, represented by its Resolution Professional's counsel, informed the NCLT, Hyderabad, on Monday, that new circums...07 May, 2024, 12.56 AM IST
- 26 companies queue up for KSK Mahanadi power projectThe National Company Law Tribunal (NCLT) vacated the stay on the auction of the power project on April 5, paving the way for a fresh round ...01 May, 2024, 01.02 AM IST
- NCLT admits Aditya Birla ARC's insolvency pleaNCLT, Hyderabad, admitted Aditya Birla ARC's petition on guarantees by KSK Mahanadi Power promoters Sastry and Kishore for over Rs 4000 cro...01 May, 2024, 12.51 AM IST
- Six ARCs acquire 55% of KSK Mahanadi Power's Rs 29,330-crore debtSix ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders' exits amid debt resolu...25 Mar, 2024, 12.17 AM IST
- Punjab and Sind Bank to sell KSK Mahanadi loans to ARCsPunjab and Sind Bank, frustrated by the delay in resolving KSK Mahanadi Power's corporate insolvency, plans to sell its debt to asset recon...28 Jan, 2024, 11.10 PM IST
- Punjab & Sind Bank to sell two KSK loansThe lender is looking to recover over 50% from the sale. The bank has invited bids for a loan of ₹110 crore for KSK Mahanadi and ₹45 crore ...18 Aug, 2023, 01.03 AM IST
- Jammu and Kashmir Bank likely to sell Rs 303 crore KSK Mahanadi Power debt to ASRECThe Swiss challenge auction is scheduled on February 27, according to a notice issued by the bank early this week. If the offer by the ASRE...16 Feb, 2023, 12.37 AM IST
- UBI looks to sell KSK Mahanadi, Raigarh Champa debt to ASRECAn offer of ₹828 crore for KSK Mahanadi and ₹38 crore for Raigarh Champa Rail by ASREC last week triggered a Swiss challenge auction, the p...14 Feb, 2023, 12.40 AM IST
- SBI sells KSK Mahanadi Power loan account to Aditya Birla ARC for Rs 1,622 crore"SBI initiated open offer e-auction towards sale of fund based exposure of KSK Mahanadi Power Co. Ltd on 100 per cent cash basis on April 2...19 Aug, 2022, 02.36 PM IST
- SBI to Swiss auction KSK loansThe bank decided to hold a Swiss auction to avoid glare from investigative agencies in future, a bank executive said on condition of anonym...01 Jun, 2022, 12.24 AM IST
- SBI invites bids to sell NPA account KSK Mahanadi Power with dues over Rs 4,100 croreWith fund based outstanding of Rs 3,815.04 crore and non-fund based outstanding of Rs 286.83 crore, company's total loan dues towards SBI s...05 Dec, 2021, 10.55 AM IST
- SBI invokes personal guarantees given by KSK Energy promotersKSK Mahanadi Power’s 3600 megawatt power project located in Chhattisgarh ranks amongst the five largest thermal power projects in India.23 Mar, 2021, 08.41 AM IST
- KSK Mahanadi’s insolvency in limbo as 4 bidders back outThe four bidders were among seven applicants that had expressed interest in acquiring the power company that owns a 3,600 MW thermal power ...08 Jan, 2021, 10.07 AM IST
- Adani Power is making a second attempt to acquire Chhattisgarh-based KSK Mahanadi PowerThe PFC-led consortium owns 80% in KSK Mahanadi Power after lenders converted a part of their Rs 21,000 crore of loans into equity.02 Aug, 2020, 11.43 PM IST
- Resolution professionals for Ballarpur Ind, KSK namedLenders have appointed resolution professionals (RP’s) to run the insolvency proceedings of Ballarpur Industries Limited (BILT) and KSK Mah...21 Mar, 2020, 09.27 AM IST
- Adani may need to revisit plans for KSK MahanadiThe Gautam Adani-led group had emerged as the best bidder to acquire three stressed power projects, including KSK Mahanadi.11 Feb, 2019, 03.27 PM IST
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