JSW Energy subsidiary JMPCL challenges ₹1,447.34 Cr water charge demand

JSW Mahanadi Power Company Limited (JMPCL), a subsidiary of JSW Energy Limited, has received a demand of ₹1,447.34 crores for water charges from the Water Resources Division, Janjgir, Chhattisgarh. The majority of this demand pertains to the period before the approval of JMPCL's resolution plan under the Insolvency and Bankruptcy Code (IBC). The National Company Law Tribunal (NCLT) had previously ruled that all crystallised and unclaimed liabilities of JMPCL as of the resolution plan approval date stand extinguished. JSW Energy believes, based on judicial precedents and the NCLT order, that this claim is not payable. Consequently, JMPCL has challenged the demand before the Hon’ble High Court of Chhattisgarh at Bilaspur.