JSW Steel Files Review Plea in Apex Court on Bhushan Insolvency

JSW Steel has filed a review petition with India’s Supreme Court in the ongoing dispute around the takeover of its debt-burdened rival Bhushan Power & Steel, according to a filing Wednesday.

• In May , the Indian top court rejected JSW’s plan to buy Bhushan Power, more than four years after the steelmaker announced the acquisition
• The Supreme Court said JSW’s plan to acquire Bhushan Power & Steel through a debt resolution process didn’t conform to the country’s bankruptcy laws
• NOTE: India Court Rejects JSW Steel’s Plan to Acquire Bhushan Power
• NOTE: India Top Court Orders Status Quo on Bhushan Power ...