JSW Energy Limited has informed the Exchange about the update on Company s Settlement Plan for settlement of debt of KSK Water Infrastructures Private Limited
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Awaiting price reaction for this filing.
JSW Energy informed the exchanges that the NCLT Hyderabad, by an order dated 23rd July 2025, has allowed the withdrawal of the corporate insolvency resolution process (CIRP) application against KSK Water Infrastructures Private Limited (KWIPL) under Section 12A of the Insolvency and Bankruptcy Code, 2016. This follows JSW Energy's Settlement Plan submitted for recovering its debt exposure in KWIPL, first intimated on 23rd June 2025. The company will now take steps to implement the Settlement Plan. This is a positive outcome for JSW Energy as it avoids prolonged insolvency proceedings against KWIPL and provides a structured path for debt recovery.
Positive for JSW Energy shareholders — withdrawal of the CIRP application means KWIPL will not be dragged into insolvency, allowing JSW Energy to pursue debt recovery through its own settlement plan, which could lead to faster and more favourable resolution of the dues.