JSW Energy's acquisition of KSK Mahanadi in doubt after India's top court ruling
By Freny Patel ( February 17, 2025, 03:49 GMT | Insight) -- JSW Energy's bid for the bankrupt KSK Mahanadi Power Company faces a major challenge following a Supreme Court of India ruling last month. The court's decision in the AGI Greenpac/Hindusthan National Glass & Industries case mandates that the approval of the Competition Commission of India must be obtained before approval is sought from the committee of creditors in insolvency proceedings. This casts doubt on JSW Energy's strategy, because it secured the approval of the committee before applying for clearance from the CCI.JSW Energy's pursuit of the bankrupt KSK Mahanadi Power Company could face a significant hurdle in light of a recent Supreme Court of India ruling....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.