https://www.taxtmi.com/news?id=50895 Review petitions challenge an order directing liquidation of Bhushan Steel and Power Limited under the Insolvency and Bankruptcy Code, contending that the setting aside of JSW Steel's resolution plan was unlawful. Multiple petitioners including former promoters, JSW, the Committee of Creditors and the resolution professional seek reconsideration after a prior finding that the resolution professional failed in statutory duties and the CoC did not properly exercise commercial wisdom in approving the plan. The Supreme Court has allowed open-court listing for oral hearing and issued notice. en-us Tue, 29 Jul 2025 20:16:04 +0530 Tue, 29 Jul 2025 20:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50895 Review petitions challenge an order directing liquidation of Bhushan Steel and Power Limited under the Insolvency and Bankruptcy Code, contending that the setting aside of JSW Steel's resolution plan was unlawful. Multiple petitioners including former promoters, JSW, the Committee of Creditors and the resolution professional seek reconsideration after a prior finding that the resolution professional failed in statutory duties and the CoC did not properly exercise commercial wisdom in approving the plan. The Supreme Court has allowed open-court listing for oral hearing and issued notice. News - Tue, 29 Jul 2025 20:16:04 +0530 https://www.taxtmi.com/news?id=50895