The Supreme Court pauses NCLT proceedings to liquidate BPSL, observing that doing so may prejudice JSW's yet-to-be-filed review of its quashed resolution plan
JSW has until June 2 to file a review of the Supreme Court's May 2 judgment, which had rejected its ₹19,700 crore resolution plan and ordered the liquidation of the debt-laden company
JSW Steel shares rose after the Supreme Court order to maintain the status quo in the Bhushan Steel case.
Stocks to Watch on Monday: JSW Steel, NTPC, Glenmark Pharma, ONGC, Transrail Lighting, Info Edge and Lloyds Engineering Works are among the stocks to watch today, May 26, 2025
The control (BPSL) is still with us currently. At present, we are focusing on the opportunity of looking at all legal remedies
JSW Steel posts 15.7 per cent YoY rise in Q4FY25 profit to ₹1,503 crore on better margins and lower coking coal costs, but FY25 profit drops 60 per cent
JSW Steel says BPSL resolution plan followed due process, despite SC order directing liquidation and refund; no provisions made in consolidated accounts
JSW Steel posted a Q4FY25 PAT of ₹1,501 crore, up 13.54 per cent YoY, while revenue fell 3 per cent to ₹44,819 crore amid record crude steel output and sales
Earlier this month, the Supreme Court cancelled JSW Steel's 2019 acquisition of BPSL, saying there were several non-compliances. The court also ordered that BPSL should be liquidated
Q4 FY25 company results today: Reliance Infrastructure, Afcons and Narayana Hrudayalaya will be among 202 companies to post earnings reports for the January-March quarter
Metal stocks in focus: Tata Steel, JSW Steel, Vedanta among top metal sector bets by analysts
External commercial borrowing proposals reached a 72-month high of $11.04 billion in March 2025, with full-year filings touching $61.18 billion, RBI data showed
JSW One Platforms, the B2B e-commerce division of the JSW Group, on Tuesday announced a Rs 340-crore fundraise from Principal Asset Management and OneUp. The conglomerate's steel arm JSW Steel also participated in the round, after which the JSW One Platforms' valuation catapulted to USD 1 billion making it enter the coveted unicorn club. The valuation has jumped by over three times since the last round of funding in April 2023, a company statement said, adding that it had then raised Rs 205 crore from Japan's Mitsui & Co. The newly raised capital will strengthen the national supply chain in steel and cement categories, deepen distribution and logistics networks across India, scale the fintech and Non-Banking Financial Company (NBFC) arms, and enable wider access to credit for Micro, Small, and Medium Enterprises (MSME), it said. "We're solving critical pain points by combining our tech-led distribution model with JSW Group's strength in manufacturing. We are well-positioned to ...
A third of the bankruptcies admitted by the tribunals have gone for liquidation, while three-quarters of the cases still open in December had exceeded the prescribed 270-day mark for resolution
JSW Steel and lenders will move the Supreme Court after its verdict struck down the BPSL resolution plan, citing lack of Form H and equity infusion in the structure
Top court has rejected JSW Steel's resolution plan to acquire Bhushan Power and Steel four years after takeover was completed
According to a source aware of the developments, it appears that the court did not consider infusion of money by JSW in the form of compulsory convertible debenture towards equity infusion
Seven lawyers and bankruptcy law experts said the unprecedented ruling had set off alarm among potential buyers of other insolvent or bankrupt firms
The Committee of Creditors (CoC), led by Punjab National Bank in the case of Bhushan Power and Steel Ltd (BPSL), will be meeting with other lenders
State Bank of India (SBI), Indian Overseas Bank (IOB), Uco Bank, Central Bank of India and Union Bank of India slipped between 1 per cent to 2 per cent in intraday deals on Monday