Archive · 3 Aug 2025
Insolvency Experts Discuss Bhushan Power & Steel Future
Imagine a company called Bhushan Power & Steel (BPSL) that had money problems.
A company called JSW Steel bought it to help.
Now, the Supreme Court is looking at whether the sale was done correctly.
Some experts think it would be best if JSW Steel keeps running the company because it's doing well now.
However, the court could decide to take action against people involved in the sale because of some issues.
There is a chance that new companies could try to buy BPSL, or that JSW could re-apply.
The court will also think about the workers and money already invested.
Insolvency experts express concerns about potential changes in Bhushan Power & Steel's management.
JSW Steel has been operating BPSL as a subsidiary since its acquisition in 2021.
The Supreme Court is revisiting the BPSL case, which previously ordered liquidation.
Legal action may be taken against parties involved in the resolution process due to alleged illegalities.
Some experts suggest the court might consider inviting fresh applications for a corporate insolvency resolution process.
- Who
- Insolvency experts, JSW Steel, the Supreme Court, and BPSL creditors are involved.
- What
- The Supreme Court is reviewing the Bhushan Power & Steel case.
- When
- The Supreme Court hearing is scheduled for August 7.
- Where
- In the Supreme Court.
- Why
- To determine the best course of action for the company and stakeholders after previous legal issues.
Current Management Advocates
Regulatory and Legal Alternatives
Management Strategy
Current Management Advocates
Maintaining current management
Regulatory and Legal Alternatives
Inviting Fresh Applications for CIRP or Fresh Legal Action
Business Priority
Current Management Advocates
Focusing on business and profits
Regulatory and Legal Alternatives
Addressing Past Legal Issues
- Company
- Bhushan Power & Steel (BPSL)
- Acquirer
- JSW Steel
- Acquisition Year
- 2021
- Acquisition Cost
- Rs 19,700 crore
- Creditors' satisfaction
- Satisfied with current management
- Possible legal action
- Against RP, RA and CoC
- Workers
- 25,000 workers
- JSW Investment
- Rs 20,000 crore