New Delhi, May 2 (PTI) JSW Steel on Friday said it will review the Supreme Court order rejecting the company’s resolution plan to take over Bhushan Steel and decide on future course of action.
Earlier in the day, the Supreme Court set aside the resolution plan submitted by JSW Steel for Bhushan Steel and Power Ltd (BSPL), holding it illegal and in violation of the Insolvency and Bankruptcy Code (IBC).
“We learnt that the Hon’ble Supreme Court pronounced Judgment today i.e 02-05-2025 rejecting the resolution plan submitted by the company and approved by NCLAT, on certain grounds. We are yet to receive the formal copy of the Order to understand the grounds for rejection in detail and its implications,” the company said in…
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