{"id":339027,"date":"2020-02-26T11:18:16","date_gmt":"2020-02-26T05:48:16","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=339027"},"modified":"2020-02-26T11:18:16","modified_gmt":"2020-02-26T05:48:16","slug":"jsw-steels-2-7-billion-purchase-of-bhushan-power-faces-fresh-legal-test","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jsw-steels-2-7-billion-purchase-of-bhushan-power-faces-fresh-legal-test\/","title":{"rendered":"JSW Steel\u2019s $2.7 billion purchase of Bhushan Power faces fresh legal test"},"content":{"rendered":"<p>JSW Steel Ltd.\u2019s $2.7 billion purchase of a bankrupt steel mill is facing a fresh hurdle after a former chairman of Bhushan Power &amp; Steel Ltd. challenged the deal in the country\u2019s top court.<\/p>\n<p>Sanjay Singal filed a petition on Monday against a ruling by a bankruptcy tribunal that had approved the deal earlier this month, according to the Supreme Court\u2019s website. The petition hasn\u2019t yet been allotted a date for a hearing. A JSW spokesman declined to comment.<\/p>\n<p>Bidders for India\u2019s bankrupt steel mills have faced repeated delays in their attempts to buy indebted assets. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>JSW Steel Ltd.\u2019s $2.7 billion purchase of a bankrupt steel mill is facing a fresh hurdle after a former chairman of Bhushan Power &amp; Steel Ltd. challenged the deal in the country\u2019s top court. Sanjay Singal filed a petition on Monday against a ruling by a bankruptcy tribunal that had approved the deal earlier this month, according to the Supreme Court\u2019s website. The petition hasn\u2019t yet been allotted a date for a hearing. A JSW spokesman declined to comment. Bidders for India\u2019s bankrupt steel mills have faced repeated delays in their attempts to buy indebted assets.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-339027","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=339027"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/339027\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=339027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=339027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=339027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}