JSW Steel seeks ₹19,300 cr refund after SC cancels BPSL acquisition

Quick Summary:

Earlier this month, the Supreme Court cancelled JSW Steel's 2019 acquisition of BPSL, saying there were several non-compliances.

The National Company Law Appellate Tribunal (NCLAT) confirmed this decision on February 17, 2020.

Sources said the refund demand follows the directions of the Supreme Court.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Supreme Court BPSL verdict Indian insolvency news Bhushan Power and Steel liquidation NCLT liquidation JSW Steel legal action 300 crore JSW Steel JSW Steel resolution plan CoC JSW refund BPSL acquisition

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 12:44:56 (19 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 24 lines

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Copyright Owner: © Business Standard

News ID: 28922246

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