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KSK Mahanadi Power Company, represented by its Resolution Professional s counsel, informed the NCLT, Hyderabad, on Monday, that new circumstances necessitate a reissuance of bids under the corporate insolvency resolution process (CIRP) for KSK Mahanadi Power, which entered insolvency proceedings in October 2019. ....
NCLT, Hyderabad, admitted Aditya Birla ARC s petition on guarantees by KSK Mahanadi Power promoters Sastry and Kishore for over Rs 4000 crore loans, including a tripartite agreement, in Chattisgarh. ....