JSW Steel Seeks ₹19,300 Crore Refund, Pause on BPSL Liquidation After SC Ruling

JSW Steel has issued demand notices to banks seeking a refund of the ₹19,300 crore it paid for Bhushan Power and Steel (BPSL) after the Supreme Court canceled its 2019 acquisition due to compliance issues. The company also requested a 60-day pause in liquidation proceedings and is exploring legal options, potentially including a review petition. The Supreme Court ruled that the refund should follow its prior order and that control of BPSL must return to financial creditors, with the National Company Law Tribunal overseeing the liquidation. #stockmarket #investing #trading #stocks #investment #finance #money #nifty #forex #sharemarket #investor