Good morning. Let’s jump right into our top story for today, a legal ruling that will have an impact on future corporate acquisitions in India.

JSW Steel’s ambitious cost optimisation plans hit a roadblock as it will have to rework its strategy in Odisha after the Supreme Court order to liquidate Bhushan Steel and Power Ltd (BPSL ...

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 ...

In a decision likely to impact how large insolvency resolutions are reviewed and enforced, the Supreme Court cancelled JSW Steel’s Rs 19,350 crore acquisition of Bhushan Power and Steel Ltd ...

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 ...

JSW Steel may be forced to write off its ₹19,700 crore investment in Bhushan Power & Steel Ltd (BPSL), after the Supreme Court declared the 2021 acquisition illegal and ordered the company into ...

Sajjan Jindal–controlled JSW Steel, is likely to go for an appeal against the Supreme Court order after the latter rejected the steel major’s ₹19,350 crore bid to acquire Bhushan Power and ...

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 ...

The Supreme Court on Friday set aside a resolution plan submitted by JSW Steel for Bhushan Steel and Power Limited (BSPL), holding it illegal and in violation of the Insolvency and Bankruptcy Code ...

Stock Market Today: JSW Steel share price crashed over 7% on Friday as news reports suggested that Supreme Court has scrappedresolution plan for Bhushan Steel and Power According to a Friday ...

The overhang on JSW Steel stock may persist in the short-term after the Supreme Court rejected the steel producer's Rs 19,400-crore bankruptcy resolution plan, saying the 2019 plan was illegal and ...

Top Indian court scraps JSW Steel's bid to acquire Bhushan Power, case lawyers say India's top court on Friday rejected JSW Steel's resolution plan to acquire Bhushan Power and Steel four years ...