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JSW Energy Clears Path for KWIPL Revival as NCLT Hyderabad Approves Insolvency Withdrawal

Updated: July 25, 2025 17:48

Image Source : Moneycontrol
Regulatory Development
The National Company Law Tribunal (NCLT), Hyderabad bench has officially allowed the withdrawal of the corporate insolvency resolution process (CIRP) for KSK Water Infrastructures Private Limited (KWIPL), following a debt settlement proposal submitted by JSW Energy.
 
* The Committee of Creditors (CoC) had earlier approved JSW Energy’s proposal to settle KWIPL’s outstanding liabilities
* The tribunal’s nod marks a significant step in JSW’s post-acquisition consolidation of KSK Group assets
 
Strategic Implications
* KWIPL is a key ancillary to KSK Mahanadi Power Company Ltd, which JSW Energy acquired in March 2025 for ₹16,084 crore
* The withdrawal enables JSW to streamline operations and unlock synergies across power generation and infrastructure assets
* This move supports JSW’s broader goal of achieving 20 GW capacity by FY2030
 
Sources: Angel One, Rediff Moneynews, BW Legal World

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