https://www.taxtmi.com/news?id=51116 The Supreme Court recalled its prior order that set aside JSW Steel's resolution plan for Bhushan Power & Steel and directed liquidation, concluding the earlier judgment failed to correctly apply the governing legal position and considered factual materials and arguments not properly advanced. The recall focuses on proper application of the Insolvency and Bankruptcy Code, the role of the Committee of Creditors' commercial wisdom, the consequences of judicial interference in approved resolution plans, and directs a fresh hearing to re-evaluate the matter. en-us Thu, 31 Jul 2025 16:46:03 +0530 Thu, 31 Jul 2025 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51116 The Supreme Court recalled its prior order that set aside JSW Steel's resolution plan for Bhushan Power & Steel and directed liquidation, concluding the earlier judgment failed to correctly apply the governing legal position and considered factual materials and arguments not properly advanced. The recall focuses on proper application of the Insolvency and Bankruptcy Code, the role of the Committee of Creditors' commercial wisdom, the consequences of judicial interference in approved resolution plans, and directs a fresh hearing to re-evaluate the matter. News - Thu, 31 Jul 2025 16:46:03 +0530 https://www.taxtmi.com/news?id=51116