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SC upholds JSW Steel’s resolution plan for debt-ridden Bhushan power and Steel Ltd
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....C upholds JSW Steel’s resolution plan for debt-ridden Bhushan power and Steel Ltd<BR>Corp. Laws / SEBI / IBC<BR>Dated:- 26-9-2025<BR>PTI<BR>New Delhi, Sep 26 (PTI) The Supreme Court on Friday upheld....
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.... the JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL). A special bench comprising Chief Justice B R Gavai and Justices Satish Chandra Sharma and K V....
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....inod Chandran had reserved the verdict on a batch of petitions on August 11. “We do not find any merit in the appeals. They are, therefore, dismissed,” the top court said and rejected the objecti....
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....ons raised by the ex-promoters and certain creditors of BPSL. Five pleas were heard afresh after the CJI-led bench on July 31 recalled its May 2 verdict that had directed liquidation of BPSL and set ....
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....aside JSW’s resolution plan, criticising the conduct of the CoC, the resolution professional, and the National Company Law Tribunal for what it termed a “flagrant violation” of the Insolvency an....
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....d Bankruptcy Code (IBC). Earlier, a bench of Justices Bela M Trivedi and Satish Chandra Sharma had set aside a resolution plan of applicant JSW Steel Limited for BPSL, holding it illegal and in viola....
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....tion of the IBC. PTI SJK SJK DV DV<BR> News - Press release - PIB....