SC revives Adani Power's Rs 27,000 cr bankruptcy resolution for KSK Mahanadi project

The Supreme Court overturned the Telangana High Court’s order, allowing insolvency proceedings for Adani Power's Rs 27,000-crore bid for the 1,800 MW KSK Mahanadi project to proceed, stating the HC had no jurisdiction. This decision impacts a long-pending corporate debt resolution.