KSK Mahanadi Seeks Fresh Bidding Amid Changing Circumstances

KSK Mahanadi Power Company, represented by its Resolution Professional (RP), addressed the National Company Law Tribunal (NCLT) in Hyderabad, advocating for a renewed bidding process under the corporate insolvency resolution process (CIRP). The company, admitted into insolvency in October 2019, contends that recent developments necessitate a fresh invitation for bids. The RP emphasized that KSK Mahanadi’s evolving status as a