Mumbai: The AION Capital-JSW Steel consortium has agreed to pay small operational creditors of Monnet Ispat after the dedicated bankruptcy court observed that there is nothing for small vendors in the resolution plan and they need to keep them in mind while acquiring an asset at such an attractive valuation. The lone successful bidder agreed to set aside around ₹ …
Mumbai: JSW Energy and Adani Power have submitted expressions of interest for bankrupt Monnet Power, two people aware of the development told Mint. Monnet Power Co. Ltd was incorporated in 2007 for setting up a thermal power plant of 1,050 megawatts, backed by a pit head captive coal mine in Angul, Odisha. State Bank of India, Punjab National Bank, UCO …
