JSW Steel has filed a review petition with India’s Supreme Court regarding the rejection of its $2.3 billion acquisition of Bhushan Power and Steel (BPSL). The Supreme Court previously rejected JSW Steel’s resolution plan and ordered BPSL’s liquidation. Following this, the court halted liquidation proceedings after JSW Steel and creditors indicated their intent to file a review petition.
Categories
Finance/Money
JSW Steel files review petition before SC on Bhushan Power deal collapse
