JSW Energy Subsidiary Challenges Demand for ₹1,447.34 Crores Water Charges in Chhattisgarh
JSW Mahanadi Power Company Limited (JMPCL), a subsidiary of JSW Energy Limited, is contesting a substantial demand for water charges raised by the Water Resources Division in Janjgir, Chhattisgarh. The claim seeks a total of ₹1,447.34 crores, primarily relating to the period before the approval of the company's resolution plan under the Insolvency and Bankruptcy Code, 2016.The dispute centers on the legal standing of these water charges following JMPCL's resolution process. Previously, the National Company Law Tribunal (NCLT), Hyderabad, passed an order on February 13, 2025, while approving the resolution plan. This order held that all...