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SC strikes down JSW Steel’s Bhushan Power deal over funding structure and delays, orders liquidation
The decision puts an end to a years-long acquisition saga that began in 2021, when JSW Steel acquired a 49% stake in BPSL ...
The Supreme Court said the ₹19,700-crore resolution plan submitted by JSW Steel for Bhushan Power and Steel was illegal and ...
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NDTV Profit on MSNSupreme Court Reverses JSW Steel's Acquisition Of Bhushan Power, Orders LiquidationJSW Steel had won the bid to acquire Bhushan Power & Steel under the insolvency and bankruptcy code for a little less than Rs ...
India's top court has rejected JSW Steel's resolution plan to acquire Bhushan Power and Steel four years after the takeover, ...
As part of funding the acquisition, JSW Steel is expected to raise about ₹3,000 crore later this week, sources said. The lenders of BPSL agreed to the company’s plan to deposit the money even ...
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