Updated May 26, 2025 15:16 IST
Bhushan Power & Steel liquidation: Breather for JSW Steel as SC orders status quo NCLT proceeding (Pic: ET NOW)
The Supreme Court on Monday (May 26) ordered status quo on the liquidation of Bhushan Power and Steel Ltd (BPSL). The apex court’s ruling came on a plea by JSW Steel to keep the liquidation proceedings in “abeyance.”
A bench of Justice BV Nagarathna and Justice Satish Sharma passed the order considering the fact that JSW Steel’s limitation period for filing a review against the Supreme Court’s judgment is not yet over. The court observed that the liquidation of Bhushan Power and Steel might jeopardise the review petition to be filed by the JSW Steel.
Earlier on May 2, the Supreme Court…
