JSW Steel is all set to wrap up one of the long-drawn and high profile insolvency resolution cases, as it is likely to pay Rs 19,700 crore to acquire the bankrupt Bhushan Power and Steel Ltd by March 15, sources said.

On Monday, the National Company Law Appellate Tribunal (NCLAT) had permitted JSW Steel to acquire the bankrupt company and granted it immunity from prosecution by the Enforcement Directorate (ED). 

Sajjan Jindal-led JSW Steel had faced a number of challenges, apart from the usual competition in terms of bids and resolution plans.


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