Bankruptcy Court approves Raigarh Champa rail infrastructure’s acquisition by JSW Energy

The National Company Law Tribunal (NCLT) has approved JSW Energy Ltd’s acquisition of Raigarh Champa Rail Infrastructure (RCRIPL) via the insolvency resolution process. The Sajjan Jindal-led company proposed a Rs 700 crore revival plan against admitted liabilities of Rs 543 crore, ensuring lenders a recovery of about 129%.