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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....

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