 "JSW steel, Bhushan Power and Steel, IBC, IBC proceeding")
Sajjan Jindal-led steel major JSW Steel has decided to file a review petition against the Supreme Court order rejecting its resolution plan for Bhushan Power and Steel Ltd (BPSL), according to people aware of the matter.
Concerned over the fallout of this order, the government, at the highest level, has stepped in to intervene and is in the process of gathering inputs from relevant departments and ministries, sources told Business Standard.
An email sent to JSW Steel on Tuesday remained unanswered until the time of going to press.
In 2021, JSW Steel was declared the successful resolution applicant for BPSL
