FinMin to support lenders in reviewing SC JSW steel order

The finance ministry is inclined to support banks seeking a review of the Supreme Court's decision to overturn JSW Steel's acquisition of Bhushan Power and Steel, citing IBC violations. Banks argue the court should have considered the CoC's commercial decisions amidst pending appeals and asset attachments. Consultations are expected with relevant ministries and the IBBI to determine the government's approach.