NCLT approves JSW Energy's 16k cr bid for KSK Mahanadi
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The National Company Law Tribunal has approved JSW Energy's resolution plan for KSK Mahanadi Power Company, resulting in a Rs 16,000 crore upfront cash recovery for creditors. Creditors will also receive a 26% stake in the company. The resolution, involving substantial financial players, emphasizes NCLT's commitment to expedite high-value cases. What's Your Reaction?
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