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KSK MAHANADI RESOLUTION
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
- 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...15 Apr, 2024, 02.32 PM IST
- 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...12 Apr, 2024, 12.52 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 & 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
- 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
- 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. ...12 Aug, 2022, 11.59 PM 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
- 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
- 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...18 Jan, 2021, 03.40 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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