JSW Energy Limited (BSE:533148) has junked its plan to acquire Ind-Barath Energy (Utkal) Limited being pursued through the National Company Law Tribunal (NCLT) route. Ind-Barath Energy is setting up a 700 MW thermal power project in Odisha. JSW Energy has served a notice to terminate the resolution plan to acquire Ind-Barath Energy with immediate effect. JSW Energy had submitted a Resolution Plan to the Committee of Creditors (CoC) for the Corporate Insolvency Resolution of Ind-Barath Energy (Utkal) (Corporate Debtor) on October 3, 2019. The Resolution Plan was approved by the CoC on October 14, 2019 and the Resolution Professional (RP) filed an application to the National Company Law Tribunal for approval of the same.