Mumbai, May 26 -- According to the media reports, the court also put BPSL's liquidation on hold, giving JSW temporary breathing room.

The earlier May 2 verdict had cancelled JSW's resolution plan citing delays under the Insolvency and Bankruptcy Code (IBC), even though JSW had already taken over BPSL's operations and invested heavily.

Now, the apex court has reportedly instructed the National Company Law Tribunal (NCLT) to pause proceedings until it rules on the review plea, which JSW must file within 30 days.

BPSL is a key asset for JSW, with its Odisha plant contributing 4.5 million tonnes per annum (MTPA) to JSW's total domestic capacity of 34.2 MTPA. JSW has also served demand notices to banks, seeking refunds on payments made unde...