The National Company Law Appellate Tribunal has overturned a decision regarding Raigarh Champa Rail Infrastructure. This allows lenders to initiate a new bidding process. JSW Energy, which previously acquired KSK Mahanadi Power, will benefit from this. The tribunal believes fresh bids will increase competition. It will likely result in higher offers for the debt-ridden company.
JSW Energy to bid for Raigarh Champa Rail Infra as NCLAT allows fresh bidding
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