JSW approaches Supreme Court seeking a review of its May 2 judgment. File
JSW Steel has approached the Supreme Court seeking a review of its May 2 judgment, which rejected the resolution plan submitted by the company for Bhushan Power and Steel Ltd. (BPSL) and directed the initiation of liquidation proceedings.
Also Read | NCLT defers hearing on Bhushan Power and Steel case, post SC status quo order on liquidation proceedings
The top court had subsequently, on May 26, ordered status quo in the ongoing liquidation process before the National Company Law Tribunal (NCLT), granting JSW Steel time to file a review petition. The Bench had observed that status quo should prevail “in…