In a shocking move on Friday, the Supreme Court struck down JSW Steel’s buyout of Bhushan Power & Steel — four years after it was deemed completed — and rejected the company’s Rs197bn ($2 ...

India’s top court Friday rejected JSW Steel Ltd.’s plan to buy a debt-burdened rival, more than four years after the steelmaker announced the acquisition. The Supreme Court said JSW’s plan ...

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. The court ordered the liquidation of ...

The ruling raises fresh uncertainty for creditors, employees, and the steel plant’s 2.75 mtpa operations in Odisha. The apex court held that the resolution plan violated the Insolvency and Bankruptcy ...

NEW DELHI, May 1 (Reuters) - JSW Steel (JSTL.NS), opens new tab, India's largest steelmaker by capacity, has hit a roadblock in sourcing coking coal from Mongolia due to unresponsive suppliers and ...

On the receiving end of the ruling was JSW Steel Ltd. The company, among India’s largest steelmakers, acquired BPSL through a winning ₹19,000 crore bid in 2021, injected capital, integrated ...

The legal tangle involving JSW Steel’s takeover of Bhushan Power and Steel (BPSL) seems to be more complicated and headed for a long-drawn battle, following the scrapping of the deal by the ...

With the Supreme Court rejecting the ₹19,350-crore Resolution Plan of JSW Steel for Bhushan Power and Steel Ltd (BPSL), banks are staring at a hit to their balance sheet. Bankers’ fear that if ...

MUMBAI (Reuters) -The Indian government has discussed with banks a court order that scrapped JSW Steel's plan to acquire Bhushan Power and Steel, and is finalising a response, the secretary of the ...

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The Supreme Court overturned the acquisition of Bhushan Power & Steel by JSW, directing liquidation due to legal and regulatory violations. JSW's Rs 19,700 crore plan was rejected, with the court ...