JSWSTEEL: Update on Hon ble Supreme Court Order in the matter of Bhushan Power and Steel Limited Resolution Plan
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JSW Steel has filed a review petition before the Hon'ble Supreme Court on June 25, 2025, challenging an earlier judgment dated May 2, 2025, related to the Bhushan Power and Steel Limited (BPSL) Resolution Plan. This filing follows the company's earlier disclosures on May 2 and May 29, 2025, about the Supreme Court judgment and subsequent developments. The company is now seeking a review of that judgment. The intimation is being made under SEBI Listing Regulations to keep the stock exchanges informed.
The review petition represents an ongoing legal challenge to the Supreme Court's earlier ruling on the BPSL resolution plan. The outcome could affect the financial implications of the BPSL acquisition for JSW Steel, and investors should monitor further developments as the review is heard.