NCLAT asks JSW Steel to hold payment for Bhushan Power asset

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The National Company Law Appellate Tribunal (NCLAT) has asked JSW Steel to put its plan of paying Rs 19,700 crore for Bhushan Power and Steel on hold, till further orders.

Besides, the NCLAT asked the Enforcement Directorate (ED) to release the attached properties of Bhushan Power and Steel and directed the agency not to attach any further assets without its permission.

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The National Company Law Appellate Tribunal (NCLAT) has asked the Enforcement Directorate (ED) to release the attached properties of Bhushan Power and Steel and directed the agency not to attach any further assets without its permission.