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KSK MAHANADI INSOLVENCY
Bids for KSK Mahanadi Power skyrocket after Adani's offerAdani Group's ambitious Rs 12,500 crore bid for KSK Mahanadi Power spurs other bidders to increase their offers, potentially leading to a f...- SC revives Adani Power's Rs 27,000 cr bankruptcy resolution for KSK Mahanadi projectThe Supreme Court overturned the Telangana High Court’s order, allowing insolvency proceedings for Adani Power's Rs 27,000-crore bid for th...
- 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...
- 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...
- 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...
- KSK Mahanadi likely to undergo fresh biddingThe move will give a chance for a better valuation for the 1,800-MW project, which saw interest from the likes of Adani Power, Jindal Power...
- 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...
- Jindal Power offers $1.68 bln for distressed coal-based power plant, say sourcesJindal Power has submitted a bid for the distressed KSK Mahanadi project in Chhattisgarh, a coal-based power project that is being eyed by ...
- 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...
- 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 ...
- 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...
- 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...
- 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...
- 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...
- State Bank sells distressed KSK Mahanadi loans to Aditya Birla ARC for Rs 1,622 croreThis would be the single-largest distressed loan sale on an upfront payment basis by any bank, equating to a recovery of 42% for the bank. ...
- Aditya Birla ARC, Arcil among companies eyeing SBI's KSK Mahanadi loanIt is the largest stressed loan sale by any bank seeking upfront payment from the buyer. The bank has set a ₹1,544-crore reserve price on t...
- 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...
- 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 ...
- 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...
- 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.
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