JSW Steel’s ‘clean slate’ at risk as SC’s liquidation order on Bhushan Power and Steel jolts industry
Despite having successfully completed the acquisition and operated the company since 2021, JSW Steel now faces the prospect of unwinding the Rs 19,350 crore deal, raising larger questions about the credibility and finality of the Insolvency and Bankruptcy Code (IBC) process. The Supreme Court’s verdict ordering the liquidation of Bhushan Power and Steel (BPSL) has…