Business

SC Upholds JSW Steel’s Resolution Plan For Bhushan Power & Steel

Published

3 hours ago

on


Last Updated:

News18

News18

In a major decision, the Supreme Court on September 26 upheld JSW Steel’s resolution plan for Bhushan Power & Steel. The judgment is a major relief for JSW Steel. An SC bench, comprising Chief Justice B R Gavai, Justices S C Sharma and K Vinod Chandran, has rejected the objections raised by former promoters and certain creditors of Bhushan Power & Steel Ltd.

The Supreme Court on May 26, 2025, had ordered a status quo on the liquidation of Bhushan Power & Steel Ltd (BPSL), halting all further proceedings in the National Company Law Tribunal (NCLT). This case, involving JSW Steel, one of India’s leading steelmakers, has been under the spotlight due to its size, legal complexity, and implications for the Insolvency and Bankruptcy Code (IBC).

(This is breaking. Details will be added shortly)

Click here to add News18 as your preferred news source on Google. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.
First Published:

September 26, 2025, 11:03 IST

News business SC Upholds JSW Steel’s Resolution Plan For Bhushan Power & Steel
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read More



Source link

Related Topics:

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version