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KSK MAHANADI RESOLUTION
JSW Energy completes KSK Mahanadi buyout ahead of May deadlineJSW Energy has successfully completed the acquisition of the 1800 MW KSK Mahanadi thermal power company by paying ₹16,084 crore to creditor...- 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...
- UPPCL's plea may delay KSK Mahanadi resolution processThe Uttar Pradesh Power Corp has filed a writ petition to consolidate insolvency proceedings of KSK Mahanadi and its subsidiaries, potentia...
- 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...
- 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 ...
- 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...
- RP sets date for second bidding for KSK Mahanadi resolutionResolution professional sets new EoI date for KSK Mahanadi Power after failed takeover bids. Debts, creditor details, and twists in resolut...
- 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...
- 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...
- 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 ...
- 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...
- 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. ...
- 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, ...
- 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...
- Long delays in power resolution tests bankers' patienceCentral Bank of India last week followed Indian Overseas Bank to sell its loans to Chhattisgarh-based KSK Mahanadi Power Co, as the project...
- 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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