Author: Lalita
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India: JSW Steel Gets Approval From NCLAT to Acquire BPSL
JSW Steel has got the approval of National Company Law Appellate Tribunal (NCLAT) to acquire Bhushan Power and Steel Ltd (BSPL) for INR 19,700 crore by providing it immunity from prosecution by the Enforcement Directorate. The bench of two members said that JSW Steel will be immuned from the acts done by the former promoters…