JSW Steel: SC to hear BPSL case review petition in open court; stock up 2% ahead of hearing

JSW Steel: SC to hear BPSL case review petition in open court; stock up 2% ahead of hearing

JSW Steel share price has risen 2% in one month and 9% in the past six months. On a year-to-date (YTD) basis, JSW Steel shares have rallied 15%, while it has gained 65% in the past three years. The stock has delivered multibagger returns of 385% in five years.

BPSL Acquisition: JSW Steel gets another chance because SC agrees to hear the case again

JSW Steel has finally obtained a new chance to save his £19.350-Crore acquisition of Bhushan Power and Steel Ltd (BPSL). The Supreme Court remembered his earlier order on Thursday that the deal had canceled and had focused the liquidation of BPSL. The court agreed to revise his 2 May and to hear the case again, […]

Supreme Court to Reconsider Quashing of JSW Steel’s $2.3 Billion Bhushan Power Takeover

In a significant development, India’s Supreme Court announced on Thursday that it will revisit its earlier decision that quashed JSW Steel’s $2.3 billion acquisition of Bhushan Power and Steel. The apex court observed that the previous ruling, issued in May, did not adequately consider legal precedents, prompting a review of one of India’s most high-profile insolvency resolutions. The initial verdict had nullified the takeover six years after it…

Bhushan Power Insolvency: Supreme Court Admits Review Petition By JSW Steel

The Supreme Court on Thursday admitted review petition filed by JSW Steel Ltd. on Bhushan Power and Steel's insolvency case. The apex court will hear the matter on Aug. 7.Last month, JSW Steel had filed a review petition in the Supreme Court regarding its earlier judgment related to Bhushan Power 's resolution plan.In early May, the apex court ruled that JSW Steel’s 2019 acquisition of Bhushan Power was not in conformity with the law and ordered…

'Art 142 Used To Do Injustice' : Supreme Court Recalls Judgment Which Rejected JSW's Resolution Plan For Bhushan Power & Steel

The Court prima facie opined that the judgment required review and posted appeal for fresh hearing.

SC to hear today review pleas against liquidation of Bhushan Steel

New Delhi, July 31 (SocialNews.XYZ) The Supreme Court is slated to hear, in an open court hearing on Thursday, the review petitions challenging its verdict that ordered the liquidation of cash-strapped Bhushan Power and Steel Limited (BPSL). As per the causelist published on the website of the apex court, a Bench of Chief Justice of India (CJI) B.R. Gavai and Justice S.C. Sharma will take up the review petitions filed by JSW Steel and Bhushan St…