What Went Wrong? — Our Wealth Insights
Summary: The Supreme Court invalidated JSW Steel’s acquisition of Bhushan Power and Steel, citing violations of India’s insolvency laws and significant procedural lapses. Introduction The Supreme Court of India recently delivered a significant judgment invalidating JSW Steel’s acquisition of Bhushan Power and Steel Limited (BPSL). It was a takeover that was completed in 2021. This … Read more