In a big relief for JSW Steel, the Supreme Court on Monday directed for status quo on NCLT proceedings on liquidation of Bhushan Power and Steel Ltd (BPSL), stated a report by CNBC TV18. The move followed the SC’s 2 May verdict, which quashed the company’s Rs 19,300 crore resolution plan for BPSL and directed the company’s liquidation.
This is a developing story…
