It’s unusual for a successful resolution applicant to try and implement a resolution plan with the overhang of two legal threats before the Supreme Court. But hectic parleys are on between JSW Steel and lenders to Bhushan Power & Steel (BPSL) to close a Rs 19,700-crore deal and bring down the curtains on a more than three-year-old corporate insolvency resolution process (CIRP).
Source : https://www.business-standard.com/article/companies