India Top Court Concludes Hearing JSW-Bhushan Power Review Case

The Supreme Court of India has reserved its order after concluding hearing on petitions over JSW Steel’s acquisition plan for Bhushan Power and Steel through insolvency resolution.

• The top court heard the appeals afresh after recalling a previous ruling that ordered Bhushan Power’s liquidation while rejecting JSW’s plan
• The judgment will be pronounced at a later date
• NOTE: India Top Court Recalls Order Rejecting JSW’s Bhushan Power Buy
• NOTE: India Court Rejects JSW Steel’s Plan to Acquire Bhushan Power

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Shruti Mahajan in New Delhi at smahajan83@bloomberg.net

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