In a dramatic ruling that has sent shockwaves through India’s corporate and legal landscape, the Supreme Court has nullified JSW Steel’s ₹19,700 crore acquisition of Bhushan Power & Steel Ltd (BPSL). The deal, approved under the Insolvency and Bankruptcy Code (IBC) in 2019, was struck down

The Indian government is considering extending import restrictions on low-ash metallurgical coke (met coke) beyond June 2025 to encourage domestic sourcing by steel manufacturers. In December 2024, India imposed country-specific quotas, limiting total met coke imports to 1.4 million metric tons from January to June 2025. This move aimed to protect local producers from a

The Supreme Court has directed the Enforcement Directorate (ED) to transfer Bhushan Power & Steel Limited (BPSL) assets worth ₹4,025 crore to JSW Steel, putting an end to a prolonged dispute. This decision clears the path for JSW Steel to assume complete ownership of the bankrupt company’s properties. Final Settlement of Ownership The apex court […]