PSU banks to get Rs 19,000 cr Bhushan windfall this week

Although JSW had won the bid for Bhushan Power and Steel in 2019, the transaction was pending because of litigation. The Supreme Court recently paved a way for the transaction to get through by directing lenders to return money to JSW in case the enforcement authorities attached Bhushan’s assets.

from Markets-Economic Times https://ift.tt/39c15iP