Comments
JSW Energy said that its Committee of Creditors have approved the company’s resolution plan under the corporate insolvency resolution process for Ind-Barath (Utkal) which owns a 700 MW under-construction thermal power plant in Odisha. The closure of the transaction shall be subject to approval from NCLT.
Australian asset manager Macquarie has moved the National Company Law Tribunal (NCLT) to start insolvency proceedings against Ind-Barath Energy (Utkal).
JSW Energy is also said that it is in exclusive discussions to acquire GMR Kamalanga Energy which owns a 1050 MW operating thermal power plant in Odisha.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.