Delays in deciding the Bhushan Power & Steel (BPSL) case will only hurt the affected lenders and the bidder, a top JSW Steel executive told ET, even as the Enforcement Directorate approached the top court against a judicial order that had approved the JSW bid for the debt-laden steelmaker.
Bhushan Power is an India-based steel processing company that manufactures and distributes galvanized sheets, billets, wire rods, and sponge iron for the industrial sector.