JSW Energy Limited has informed the Exchange about 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 exchange that the NCLT Hyderabad has approved the withdrawal of the corporate insolvency resolution process (CIRP) for KSK Water Infrastructures Private Limited (KWIPL) under Section 12A of the Insolvency and Bankruptcy Code, 2016. This follows JSW Energy's earlier Settlement Plan (intimated on 23rd June 2025) to resolve KWIPL's debt. With the NCLT order dated 24th July 2025, the company will now proceed to implement the settlement plan outside of formal insolvency proceedings.
Positive step for JSW Energy as the out-of-court settlement avoids a lengthy insolvency process and allows structured recovery on its exposure to KWIPL. Removes uncertainty around a stressed group entity, though final financial impact will depend on terms of the settlement implementation.