Decoding the Supreme Court’s order on BPSL liquidation: What sank the JSW deal

Decoding the Supreme Court’s order on BPSL liquidation: What sank the JSW deal

Last week, the Supreme Court had ordered for liquidation of Bhushan Power and Steel, as it pointed out various procedural lapses on the part of creditors, resolution professional and acquirer JSW Steel

Centre Mulls Response After Supreme Court Rejects JSW Steel’s INR 19,350 Crore BPSL Resolution Plan

The Indian government has indicated it will thoroughly scrutinize the Supreme Court's recent decision to nullify the INR 19,350 crore resolution plan for Bhushan Power & Steel Ltd (BPSL) that was submitted by JSW Steel. Department of Financial Services (DFS) Secretary M. Nagaraju said in Mumbai that talks have been held with the concerned lenders and legal advisers, and that the matter is under active consideration. A final decision, involving p…

India's Supreme Court cancels JSW Steel's acquisition of Bhushan Power

The Supreme Court of India has overturned JSW Steel's Rs197bn ($2.35bn) bid to acquire Bhushan Power and Steel, an acquisition that was completed in 2021.