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The Supreme Court on Thursday recalled it’s May 2 order, which rejected JSW Steel’s Rs 19,700 crore resolution plan for Bhushan Power and Steel Limited on grounds of violation of Sections 30(2) and 31(2) of the Insolvency and Bankruptcy Code (IBC). The Bench of Chief Justice BR Gavai and Justice Satish Chandra Sharma prima facie…
JSW Steel’s acquisition of Bhushan Power and Steel under IBC revived by Supreme Court The Supreme Court of India today delivered a pivotal order allowing the review petitions filed by JSW Steellenders, and other stakeholders challenging the May 2, 2025, judgment which had rejected JSW Steel’s resolution plan for Bhushan Power and Steel Limited (BPSL)…
The Supreme Court on Thursday (July 31) made a prima facie observation that its May 2 judgmentwhich rejected the resolution plan of JSW Steel for Bhushan Power and Steel Ltd (BPSL) and directed the liquidation of BPSL, required a review as it was contrary to the law laid down in various precedents. A bench of…
