JSW Steel has said that it implemented the resolution plan for Bhushan Power and Steel Ltd in compliance with law and taken all steps to successfully revive the company to its present status today. The company issued this statement while announcing its Q4 results.
“The Judgment by the Hon’ble Supreme Court on 2nd May 2025 rejected the JSW Steel’s resolution plan for BPSL and directed refund of amounts paid to creditors of BPSL, and equity contribution made in BPSL as recorded in the Hon’ble Supreme Court order dated 6th March 2020. We along with the legal advisors have assessed the matter and believe that we have strong grounds for availing all available legal remedies,” the company said in the statement.
