{"id":648107,"date":"2025-09-27T10:41:43","date_gmt":"2025-09-27T05:11:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=648107"},"modified":"2025-09-27T12:42:58","modified_gmt":"2025-09-27T07:12:58","slug":"supreme-court-allows-jsw-steels-rs-19700-crore-bhushan-power-takeover-to-proceed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/supreme-court-allows-jsw-steels-rs-19700-crore-bhushan-power-takeover-to-proceed\/","title":{"rendered":"Supreme Court allows JSW Steel\u2019s Rs 19,700 crore Bhushan Power takeover to proceed"},"content":{"rendered":"<p>The Supreme Court said on Friday that JSW Steel\u2019s \u20b919,700 crore takeover of Bhushan Power and Steel (BPSL) could go ahead, reversing its own earlier decision to reject the deal. <\/p>\n<p>JSW then filed a request for it to review the rejection. <\/p>\n<p>On Friday, the court said JSW had revived BPSL by investing heavily in modernisation and safeguarded thousands of livelihoods by keeping the company a going concern. The purpose of the Insolvency and Bankruptcy Code \u2014 to help transform a loss-making entity into a profit-making one \u2014 has been achieved, the court said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court said on Friday that JSW Steel\u2019s \u20b919,700 crore takeover of Bhushan Power and Steel (BPSL) could go ahead, reversing its own earlier decision to reject the deal. JSW then filed a request for it to review the rejection. On Friday, the court said JSW had revived BPSL by investing heavily in modernisation and safeguarded thousands of livelihoods by keeping the company a going concern. The purpose of the Insolvency and Bankruptcy Code \u2014 to help transform a loss-making entity into a profit-making one \u2014 has been achieved, the court said.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,245,148],"tags":[],"class_list":["post-648107","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/648107","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=648107"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/648107\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=648107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=648107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=648107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}