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Bhushan Steel

By Gurminder Mangat , 10 May 2025
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Lenders to Bhushan Steel Face Critical Decisions After Supreme Court Scraps JSW Steel's Resolution Plan

The recent Supreme Court ruling that scrapped JSW Steel's resolution plan to acquire Bhushan Steel and Power Ltd (BSPL) has left lenders grappling with critical decisions regarding the future of the company. A group of lenders, led by Punjab National Bank (PNB), will convene in the coming days to determine whether to seek a review of the verdict. The ruling mandates the liquidation of BSPL, which could result in lower returns for creditors compared to the earlier proposed resolution.

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