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JSW Steel seeks Rs 19,300 crore refund after Supreme Court invalidates 2019 BPSL acquisition deal.
JSW Steel is demanding a refund of Rs 19,300 crore it paid for its acquisition of Bhushan Power and Steel (BPSL), after the Supreme Court invalidated the 2019 deal and ordered BPSL's liquidation due to non-compliances.
JSW is also requesting a 60-day delay in the liquidation process while it considers its legal options.
Creditors have agreed to refund the money if JSW's resolution plan is rejected.
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JSW Steel solicita el reembolso de Rs 19,300 crores después de que el Tribunal Supremo invalidara el acuerdo de adquisición de BPSL 2019.