Legal23 Jun 2025, 07:34 pm
JSW Energy's Settlement Proposal for KSK Water Infrastructures Approved by Committee of Creditors
AI Summary
JSW Energy Ltd has announced that the proposal for the settlement of debt of KSK Water Infrastructures Private Limited (KWIPL) submitted by the Company has been approved by the Committee of Creditors (CoC). This approval comes after the successful implementation and acquisition of KSK Mahanadi Power Company Limited (KMPCL), making JSW Energy the holding company of KMPCL and gaining significant indirect ownership in KWIPL. The CoC has also approved the withdrawal of the insolvency resolution process of KWIPL. However, the closure of the transaction is subject to the receipt of approval of withdrawal by the National Company Law Tribunal.
Key Highlights
- JSW Energy's settlement proposal for KSK Water Infrastructures approved by the Committee of Creditors
- Company became the holding company of KSK Mahanadi Power Company Limited after successful implementation and acquisition
- Company holds significant indirect ownership in KSK Water Infrastructures Private Limited
- Committee of Creditors approved the withdrawal of the insolvency resolution process of KWIPL
- Closure of the transaction subject to the receipt of approval of withdrawal by the National Company Law Tribunal