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JSW Steel's Bhushan Power acquisition to be liquidated, India's top court orders

( May 5, 2025, 00:15 GMT | Official Statement) -- MLex Summary: India's top court has ordered the liquidation of Bhushan Power and Steel, stating in its order that the acquirer, JSW Steel, had violated the rules under the Insolvency and Bankruptcy Code. The Supreme Court of India also raised serious concerns about money laundering related to the former owners of the target, according to the 105-page court order made available over the weekend. The Supreme Court of India's ruling is attached....

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