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Supreme Court upholds Karnataka's forfeiture of JSW Steel's ₹128 crore performance securities

Supreme Court upholds Karnataka's forfeiture of JSW Steel's ₹128 crore performance securities

In a significant legal ruling, the Supreme Court has chosen not to intervene with the Karnataka government's decision to confiscate ₹128 crore worth of performance securities from JSW Steel. This measure comes in light of the company's alleged shortfall in meeting iron ore production goals.

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