Supreme Court India's Supreme Court concluded hearings this week in a contentious case over JSW Steel's $2.3 billion bid to acquire Bhushan Power & Steel Ltd (BPSL) through India's bankruptcy mechanism, with the judgment now reserved. The …

… 2016. JSW Steel acquired Bhushan Steel through the insolvency process … ordered the liquidation of Bhushan Steel, effectively annulling JSW Steel … it had acquired and invested in under the IBC … to IBC norms. The Bhushan Steel dispute reflects broader tensions …

The former promoters of Bhushan Steel and Power Ltd (BSPL) on Monday requested the Supreme Court to list their review petition against the company’s liquidation order for an open court hearing. The petition challenges the top court’s May 2 verdict that set …

(MENAFN- IANS) New Delhi, May 26 (IANS) The Supreme Court on Monday ordered a status quo on the liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), giving interim relief to JSW Steel.The verdict came on a plea filed by JSW Steel seeking a stay …

The Supreme Court’s verdict in the Bhushan Power & Steel Ltd (BPSL) matter has brought back into focus a familiar but unresolved question: can procedural integrity be sacrificed in the name of commercial expediency? The ruling has prompted concerns …

With the company facing liquidation, the liquidator will reassess its valuation | Photo Credit: STRINGER/INDIA The recent order by the Supreme Court in the Bhushan Power and Steel Ltd (BPSL) case has surprised everyone. BPSL was long considered a …

“When the insolvency process becomes a comedy of errors, it takes a Supreme Court Bench to remind everyone that the Code is not a joke.” Shaking Investor’s confidence and triggering Legal and Economic aftershocks, in a watershed judgment, the Supreme Court …

… under the Code for Bhushan Steel were legally unimpeachable. Even … expensive ass. Also read: Bhushan Steel-JSW saga exposes cracks … judging Of course, the Bhushan Steel case isn’t the only … missile”). Considering all the investments made by JSW in the …

The Supreme Court’s recent ruling in the Bhushan Power and Steel Ltd (BPSL) case marks a turning point in India’s evolving insolvency law. Delivered on May 2, the judgment exposes critical flaws in resolving large corporate bankruptcies while drawing clear …

The decision will potentially shave off 10–15 per cent of JSW Steel’s production capacity and about 10 per cent of its consolidated EBITDA even as the company has an option to file a review petition. | Photo Credit: B MATHUR The Supreme Court judgment …