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Reversing own order, Supreme Court clears JSW Steel’s takeover of Bhushan Power and Steel

September 27, 2025 2:04 am

The Supreme Court upheld the February 17, 2020, National Company Law Appellate Tribunal (NCLAT) order, which approved JSW’s resolution plan.

Bhushan Power deal, Bhushan Power deal rejection, JSW Steel, JSW Steel Ltd, Supreme Court, Indian express business, business news, current affairs

Bhushan Power deal rejection: JSW Steel files review petition in Supreme Court

June 26, 2025 12:56 am

Some of the lenders to BPSL have also filed separate review petitions. The court’s decision has raised concerns over the finality of resolution processes under the IBC and the fate of already-implemented plans.

JSW Steel, controlled by Sajjan Jindal, and lenders are likely to go for appeal against the SC order as both the parties will suffer a setback if liquidation of BPSL is implemented

Bhushan Power saga: Why did Supreme Court reject JSW Steel takeover bid and order liquidation?

May 05, 2025 9:21 am

JSW Steel, lenders committee & Resolution Professional come under SC fire

Bhushan Steel: Top court’s liquidation order may impact lenders, insolvency process

May 03, 2025 6:29 am

The SC order has cast a shadow on other bankruptcy cases as the total admitted claims under the Insolvency and Bankruptcy Code (IBC) stood at Rs 10.46 lakh crore as of March 2024

JSW Steel to set up 10 mtpa green steel plant for an investment of Rs 50,000-60,000 cr in Maharashtra

April 15, 2025 11:23 pm

The plant will be based on natural gas to start with, but it will have the technology to switch to hydrogen as and when zero carbon steel is needed

Q3 results 2024: JSW Steel, PNB, ACC Q3 results

Q3 Earnings Results: JSW Steel, PNB, ACC report multifold jump in net profit

January 25, 2024 6:07 pm

Q3 Earnings India Results: This comes after banking and IT shares tanked on Indian equity markets at the backdrop of Tech Mahindra, which saw consolidated profits decline by 61 per cent to Rs 510.4 crores.

JSW Steel Q1 Results: Net profit nearly triples to Rs 2,428 crore

July 21, 2023 12:44 pm

Total income also rose to Rs 42,544 crore from Rs 38,275 crore in the year-ago quarter, it said.

Input costs, slow sales crimp India Inc profits

August 02, 2021 10:44 am

The Q1FY22 numbers must be read in the context of the very weak base from a year-on-year perspective and a slightly strong base effect on a quarter-on-quarter basis.