Stock Market Today, May 2 -- JSW Steel share price crashed over 7% on Friday as news reports suggested that Supreme Court has scrapped resolution plan for Bhushan Steel and Power

According to a Friday report by television channel CNBC-TV18, The Supreme Court of India has rejected JSW Steel's resolution plan to buy Bhushan Power and Steel four years after the takeover and ordered the liquidation of the indebted steelmaker Bhushan Power and Steel

The news reports suggested that JSW Steel's Rs.19,700-crore resolution plan for Bhushan Power and Steel Ltd (BPSL) was scrapped by the Supreme Court, which instead mandated that the indebted business be liquidated.

The Exchange meanwhile has sought clarification from JSW Steel Ltd on May 2, 2025...