Bhushan Power & Steel News
Mint Explainer | What the SC’s Bhushan Power ruling means for JSW Steel, lenders and future insolvency cases
The Supreme Court has upheld JSW Steel’s takeover of Bhushan Power, reinforcing the finality of approved bankruptcy resolutions and boosting investor confidence in India’s insolvency process.
4 min read29 Sep 2025The clash between IBC and PMLA is nearing a solution
A dozen or so court orders since 2018, including the 2 May Supreme Court order in the case of Bhushan Power and Steel Ltd, have raised questions about the interplay of the two laws and an urgent need for more clarity.
4 min read11 Aug 2025JSW Steel gets another shot at Bhushan Steel as SC agrees to hear case again
By recalling its earlier ruling that quashed the ₹19,350-crore BPSL acquisition, the Supreme Court has kept all legal questions open.
5 min read31 Jul 2025Bhushan Power case: Supreme Court to hear JSW Steel’s review plea on 29 July
The review petition is JSW Steel’s last legal opportunity to retain control of Bhushan Power & Steel Ltd, which it took over through the corporate insolvency resolution process in 2021.
2 min read28 Jul 2025Parliamentary panel to recommend fresh set of changes to insolvency code
A Supreme Court ruling exposing legal gaps in India’s bankruptcy process has prompted a legislative rethink. A parliamentary committee is now finalizing reform proposals to address delays, low recoveries, and jurisdictional grey zones under the IBC.
3 min read3 Jun 2025NCLT puts Bhushan Power liquidation on hold till August after SC order
The Supreme Court on 26 May granted interim relief to JSW Steel, which had sought a pause on the BPSL liquidation proceedings to file a review petition challenging the top court’s 2 May verdict.
2 min read27 May 2025Supreme Court to hear JSW Steel’s plea on Bhushan Power liquidation on Monday
The steelmaker has sought a review of the top court’s ruling that quashed its ₹19,300 crore resolution plan for BPSL. A liquidation now could disrupt JSW’s capacity expansion plans and trigger wider concerns over the sanctity of concluded IBC deals.
2 min read25 May 2025The SC’s JSW-Bhushan ruling will hit both the IBC and investor confidence
The Indian Supreme Court’s reversal of a high-profile acquisition under the Insolvency and Bankruptcy Code (IBC) will have adverse spillover effects. Article 142 shouldn’t be invoked without taking economic consequences into account.
4 min read7 May 2025Mint Primer | Can JSW ruling upset insolvency regime’s balance?
The Supreme Court ruling invalidating JSW Steel’s ₹19,700 crore acquisition of BPSL is a major blow to its growth ambitions, especially its 2030 target of achieving 50mt of steel capacity.
2 min read7 May 2025Prolonged uncertainty awaits JSW Steel after Supreme Court rejects resolution plan for Bhushan Power
JSW Steel shares fell 7% after the Supreme Court rejected its insolvency plan for BPSL, citing violations of the IBC. While JSW may receive its acquisition price, uncertainty looms over investments in capacity expansion and potential de-rating by ESG-conscious investors.
2 min read6 May 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared