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KSK LENDERS
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- 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
- KSK Mahanadi lenders may ask NCLT to speed up firm's sale processOn February 6, a requisite majority of KSK Mahanadi lenders passed a resolution to appeal to the National Company Law Tribunal (NCLT) to va...10 Feb, 2024, 12.31 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
- 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
- Union Bank to sell KSK Mahanadi loanOther lenders including State Bank of India, Punjab National Bank, Bank of Baroda (BoB) and Axis Bank have already sold their debt in the c...24 Aug, 2022, 06.13 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 sells Rs 3,815 crore KSK Mahanadi loan to Aditya Birla ARCState Bank of India is set to sell its ₹3,815 crore outstanding loan from KSK Mahanadi Power to Aditya Birla Asset Reconstruction Company, ...31 May, 2022, 06.10 AM IST
- IBC Lessons: A bird in hand is worth two in the bushThe plan by lenders State Bank of India and Union Bank of India to sell loans given to KSK Mahanadi Power is an example of the extent to wh...06 Dec, 2021, 06.41 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
- 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
- Banks line up sale of KSK, Avantha plants; Adani, Vedanta frontrunnersThe KSK Mahanadi plant owes around Rs 18,551 crore to domestic lenders.14 Aug, 2018, 02.54 PM IST
- Pushing for 5/25 scheme: KSK Mahanadi lenders may refinance debtHyderabad-based KSK Energy Ventures, the parent company, has taken up the refinancing proposal with the lenders, bankers familiar with the ...11 May, 2016, 12.06 PM IST
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